Repeals and modifies certain provisions relating to the regulation of public utilities

Summary

The proposal would permit electric companies to include construction‑in‑progress costs for new natural‑gas units in their rate base, with limits on estimated costs and spending, and would require refunds with interest if those costs are later judged imprudent. It also expands the Public Utilities Commission’s authority to suspend new rates, charges, contracts or rules while it holds hearings, and sets new “future test year” rules for rate calculations beginning in 2026. The measure did not pass.

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