Modifies provisions for electrical corporations

HB 92 allows electrical corporations to include construction costs for new natural gas power plants in their rate base (the assets used to calculate customer rates), but only within estimated project costs and timelines. It requires annual capacity planning reports showing how utilities will meet future energy needs for four years ahead, with penalties for failing to secure sufficient capacity due to imprudent decisions. The bill also mandates refunds with interest if construction costs are later deemed imprudently incurred, and includes a sunset provision expiring in 2035 unless extended. This directly affects utilities by changing how they recover infrastructure costs and plan for energy supply.