Creates provisions relating to workforce development investments of public utilities

HB 137 allows electrical, gas, and water utility companies in the state to recover costs spent on workforce development programs through customer rates. These programs fund education and training in utility-related fields (like STEM, skilled crafts, and vocational programs) at schools or for students in the state. Utilities can defer these costs as a regulatory asset for recovery in rate cases, but only if spending stays under 0.55% of their 2023 operating revenue and ends by December 31, 2035. The bill directly affects utility companies by enabling them to pass these training costs to ratepayers while limiting the amount recoverable.