Modifies dates for deferrals by electrical corporations

HB 569 modifies rules for electrical corporations to defer certain costs related to qualifying infrastructure (excluding new coal, nuclear, or natural gas plants). It requires corporations to defer 90% of depreciation and return on qualifying plant investments, adding these deferred costs as regulatory assets to future rate base for recovery over 20 years. The bill also mandates annual capital investment plans detailing grid modernization spending, including a 25% minimum requirement for projects like smart grid technology, renewable integration, and energy efficiency upgrades. This directly affects investor-owned electrical utilities operating in the state, altering how they account for infrastructure costs in rate cases.