AN ACT RELATING TO PUBLIC UTILITIES AND CARRIERS -- PUBLIC UTILITIES COMMISSION -- UTILITY OWNERSHIP OF ELECTRIC GENERATING FACILITIES

Summary

The bill forces electric distribution companies to create separate affiliates that own their power plants, transferring those assets at book value. After the transfer, distributors can no longer sell electricity directly to customers or own new generation facilities. The change is meant to open the market to more competition and give consumers easier access to power.

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

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