AN ACT ALLOWING FOR THE CREATION OF MUNICIPAL ELECTRIC COMPANIES BY REFERENDA AND ESTABLISHING THE CONNECTICUT PUBLIC TRANSMISSION AUTHORITY AND THE CONNECTICUT PUBLIC POWER CORPORATION.

HB 6292 allows Connecticut municipalities and regional government groups to hold referendums to create or join publicly owned electric companies. It establishes two new state entities: the Connecticut Public Transmission Authority, which would buy private electric transmission assets at fair market value and manage them, and the Connecticut Public Power Corporation, a nonprofit focused on generating renewable energy. The bill directly affects local governments seeking greater control over electricity services and residents in communities where municipal electric companies are formed. Key changes include enabling local referendums for public power, creating a state-run transmission system, and prioritizing renewable energy development through the new corporation.