Authorizes the public service commission to implement performance-based regulation of electric or gas corporations

Summary

The bill authorizes the state Public Service Commission to create a framework that ties utility performance to incentives and penalties. It targets electric and gas companies, aiming to cut greenhouse‑gas emissions, expand clean‑energy options, improve reliability, and protect low‑income customers. By linking performance to rates, the law seeks to lower costs for ratepayers.

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

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