HB05534: An Act Removing The Combined Public Benefit Charge, Limiting Rates Allowed Under Certain Power Purchase Agreements, Amending The Definition Of Class I Renewable Energy Sources, Separating The Public Utilities Regulatory Authority From The Department Of Energy And Environmental Protection, Eliminating Certain Electricity Incentive Programs And Requiring A Study Of Methods To Increase The Supply Of Natural Gas.

Legislative Summary

To (1) remove the "Combined Public Benefits Charge" from consumer electric bills, (2) prohibit the Commissioner of Energy and Environmental Protection or electric distribution companies from entering into a power purchase agreement if the price for electricity under such agreement exceeds one hundred fifty per cent above the wholesale price of electricity, (3) redefine "Class I renewable energy source" to include electricity generated from any hydropower or nuclear power generating facility, (4) separate the Public Utilities Regulatory Authority from the Department of Energy and Environmental Protection, (5) eliminate any incentive program that increases electric demand, including, but not limited to, any electric vehicle rebate program, and (6) study methods by which the supply of natural gas may be increased in the state.