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

Summary

The bill would make electric distribution companies transfer ownership of their power plants to separate, non‑regulated affiliates at book value and file restructuring plans with the Public Utilities Commission. It also adds prevailing‑wage and apprenticeship requirements for constructing new plants and expands utilities’ authority to own generation assets while barring distributors from selling electricity at retail after the transfer. The goal is to boost competition and protect workers.

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

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