AN ACT CONCERNING POWER PURCHASE AGREEMENTS AND THE PROVISION OF STANDARD SERVICE TO ELECTRIC CUSTOMERS.
What changed between versions
Changed the bill title and purpose from general public utility regulation to specifically address power purchase agreements and standard service for electric customers.
Added requirements for soliciting zero-carbon electricity resources including nuclear, hydro, and renewable energy, with limits on total annual output to 12 million megawatt hours.
Established contract duration requirements of 3-10 years for nuclear and hydro facilities, and up to 20 years for renewable energy sources.
Created a new process requiring Public Utilities Regulatory Authority approval of power purchase agreements within 180 days, with deemed approval if no decision is made.
Added rules for cost allocation where standard service customers pay for energy used to serve them, while remaining net costs are recovered from all customers through rate components.
Changed the effective date from October 1, 2025 to be included in the procurement plan adopted pursuant to section 16-244m.