AN ACT CONCERNING RETURN ON EQUITY FOR ELECTRIC DISTRIBUTION COMPANIES.

SB 317 would require Connecticut's Public Utilities Regulatory Authority to lower the allowed rate of return on equity for electric distribution companies. This change directly affects utility companies and their ratepayers (electricity customers) by reducing the profit margin these companies can earn. The key mechanism is mandating a lower return on equity, which would lower the costs these companies can charge for electricity service. The bill aims to reduce monthly bills for residential and business electricity customers through this regulatory adjustment.