relative to purchased power agreements for electric distribution utilities.

SB 112 allows investor-owned electric utilities and the Department of Energy to issue requests for proposals (RFPs) for multi-year power agreements by June 2025. It defines "existing electric energy sources" to specifically include nuclear power plants operating in the regional grid before 2011, ensuring these facilities can be included in procurement. Utilities must seek Public Utilities Commission approval by June 2026 for agreements totaling up to 2 million megawatt hours annually statewide. The bill directly affects electric distribution utilities and their power procurement strategies, with no changes to current nuclear plant operations.