AN ACT RELATING TO PUBLIC UTILITIES AND CARRIERS -- LONG TERM CONTRACTING STANDARDS FOR RENEWABLE ENERGY

HB 5575 amends Rhode Island's energy procurement rules to allow public utilities to include nuclear power in regional competitive solicitations alongside renewable sources like offshore wind. It directly affects electric and gas utilities, which can now bid on projects transmitting nuclear power or renewable energy to New England, with costs shared among ratepayers. Key provisions require the state energy office and utilities to jointly evaluate projects for reliability, security, and cost impacts before seeking public utility commission approval. The bill does not mandate nuclear use but establishes a framework for considering it as part of Rhode Island's energy planning.