Energy

This bill caps annual rate increases for utility services by gas and electric corporations, as well as municipalities providing such services, at 2%. It directly affects utility providers by prohibiting them from raising rates beyond this limit without department review. Key provisions require rate proposals exceeding the cap to undergo review by the Department of Public Service, with final rate plans subject to a 2% maximum. The law aims to limit annual cost increases for consumers while establishing a formal process for rate adjustments.

Directs the department of public service to promulgate rules and regulations to establish fee transparency standards for electric vehicle charging stations.

Authorizes local municipalities and political subdivisions to have final say on if a renewable energy power plant can be sited in such municipalities' or political subdivisions' jurisdiction; establishes conflict of interest standards for approving the siting of a renewable energy power plant in a local municipality or political subdivision; requires the office of renewable energy siting and electric transmissions establish a database to collect and display host agreements and land contracts for renewable energy power plants; establishes contract standards concerning the forfeiture of mineral rights for the siting of renewable energy power plants; regulates the conduct of businesses engaged in the conduct of selling renewable energy power plants.