An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in rates and distribution systems, providing for return on equity; in service and facilities, further providing for billing procedures; and, in restructuring of electric utility industry, further providing for revenue-neutral reconciliation.

Summary

The bill adds a subchapter to Pennsylvania’s utility law that defines how investor‑owned electric, gas, water and wastewater utilities calculate the authorized return on their equity. It sets a default rate of the 10‑year Treasury yield plus 2% and allows a market‑based auction to establish a different rate. The change aims to make utility financing more transparent and market‑responsive.

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