AN ACT relating to investor-owned electric utilities and declaring an emergency.

Summary

The bill lets investor‑owned electric utilities borrow money by selling bonds that are backed by specific costs such as retired plant expenses, storm‑related assets, and extra‑state generation assets. Utilities must apply to the state commission for a financing order, and the commission would impose a surcharge on all retail customers to repay the bonds. The measure was intended to lower customer rates while encouraging new in‑state generation, but it did not pass.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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