Relating to: securitization of retiring power plants. (FE)

This bill would update state statutes to clarify how retiring power plants fueled by nonrenewable energy sources are classified for environmental cost calculations. It defines the retirement of such facilities as a specific category of environmental control activity and expands the definition of environmental control costs to include the unrecovered value of retired property and related demolition expenses. The changes apply to energy utilities managing the decommissioning of existing power plants and aim to ensure these costs are properly accounted for in regulatory assessments.