Prohibits public utilities from being eligible for rate treatment or other incentive or rate mechanisms that provide additional revenue to utilities in certain circumstances.

Summary

The measure amends state law to require the Board of Public Utilities to establish mandatory electricity and natural‑gas usage‑reduction goals and quantitative performance indicators for each electric and gas utility. Utilities must adopt approved energy‑efficiency and peak‑demand programs, meet the targets, and can only receive rate incentives or recover program costs after showing compliance. The change is intended to limit additional utility revenue unless real savings are achieved.

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