AN ACT IMPOSING AN EXCISE TAX ON PRIVATE UTILITY COMPANIES.

HB 5924 imposes an excise tax on private utility companies to fund state energy assistance programs and reduce the Combined Public Benefits Charge on customer utility bills. The tax requires private utilities to pay a fee, with the revenue directly supporting energy assistance for residents and lowering the public benefits charge shown on end-use customer bills. Additionally, the bill mandates that all utilities report the specific impact of this tax on the Combined Public Benefits Charge section of every customer bill. This policy directly affects private utility companies (through the tax) and end-use customers (through reduced charges and transparent reporting).