Modifies provisions for utility growth projects

Summary

The measure lets eligible customers who add significant new load to a utility’s system receive a 35% rate discount for five or ten years, depending on the size of the load. The discount is only applied if the utility’s variable cost is covered and the revenue exceeds that cost by 20%, and the customer must receive a government economic‑development incentive and meet load‑factor requirements. The utility must verify the load each year and the discount’s revenue impact is spread across all ratepayers.

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

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