HB 4135

Abstract

Requires electric companies to expend any revenues from participation as credit aggregator or credit generator in clean fuels program on transportation electrification. Requires electric companies to invest no less than one percent of total rates collected annually from retail electricity consumers in programs to accelerate transportation electrification. Requires Public Utility Commission to report annually to Legislative Assembly on programs funded as required by Act. Sunsets January 2, 2026. Authorizes commission to allow electric companies to recover costs for prudent investments or expenses in infrastructure measures that support transportation electrification if certain criteria are met. Requires consumer-owned utilities to expend any revenues from participation as credit aggregator or credit generator in clean fuels program on transportation electrification. Requires consumer-owned utilities to invest no less than one percent of total rates collected annually from electricity customers in programs to accelerate transportation electrification. Requires governing bodies of consumer-owned utilities to report annually to Legislative Assembly on programs funded as required by Act. Sunsets January 2, 2026.