An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in restructuring of electric utility industry, providing for large load customers; and making editorial changes.

SB 1114 restructures Pennsylvania's electric utility industry to allow large commercial and industrial electricity consumers direct access to competitive electricity generation markets. It requires utilities to unbundle electricity rates and provide open access to their transmission and distribution systems, enabling new market participants like energy aggregators and brokers to sell electricity directly to customers. The bill creates a "competitive transition charge" applied to all customers' bills to recover utilities' past investments in generation that may not be recoverable in a competitive market. This change shifts the industry from regulated bundled service to a model where customers can choose electricity suppliers while maintaining grid reliability.