Criteria modification for an eligible taxing jurisdiction to qualify for aid

Summary

The legislation updates definitions of eligible taxing jurisdictions and electric generation property, requires public utilities to notify the commissioner of unit retirements or fuel conversions, and changes how the transition aid amount is calculated and when it ends. It applies to counties, cities, towns, school districts and utilities that own coal, nuclear, or natural‑gas generating units, and sets new effective dates for aid payable beginning in 2027, with some retroactive provisions for 2024‑2026.

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