Modifies provisions for reports made to the public service commission

HB 2424 modifies how regulated public utilities pay for oversight by the Public Service Commission. It requires utilities (including electricity, gas, water, sewer, and telecom companies) to pay annual fees based on their state-based revenue, with caps of 0.45% for most utilities and 0.25% for telecommunications providers. The bill establishes a special fund to cover the Commission’s regulatory costs, ensuring payments are reinvested into oversight rather than general state funds. Utilities must report annual revenue to the Commission by March 31, with penalties for late filings. This directly affects all public utilities under the Commission’s jurisdiction, changing how regulatory costs are allocated and paid.