Gas Companies - Infrastructure Investments - Cost Recovery and Customer Notification (Break STRIDE Act)
In the House - Hearing 3/10 at 1:00 p.m.
Summary
The legislation repeals the authority that lets investor‑owned gas utilities file a plan with the Public Service Commission to recover costs of eligible infrastructure replacement projects through a fixed surcharge on customer bills. It also bars the Commission from allowing any alternative cost‑recovery method after Oct. 1, 2026, and adds requirements for utilities to demonstrate project benefits and to notify customers at least six months before construction. The changes aim to limit rate impacts and improve transparency for residential and non‑residential customers.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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