AN ACT PROHIBITING CERTAIN POWER PURCHASE AGREEMENTS BASED ON WHOLESALE PRICES AND REQUIRING JOINT SOLICITATIONS FOR CERTAIN CLEAN ENERGY PROJECTS.

HB 5922 prohibits the state energy commissioner and electric utilities from entering power purchase agreements that charge electricity rates exceeding 150% above the average wholesale price. It also requires the commissioner to jointly solicit clean energy projects with a capacity over 20 megawatts alongside at least two other states. The bill directly affects the energy commissioner, electric distribution companies, and developers of large-scale clean energy projects. These provisions establish new rules for electricity pricing and regional collaboration on renewable energy initiatives.