AN ACT PROHIBITING CERTAIN POWER PURCHASE AGREEMENTS AND REQUIRING JOINT SOLICITATIONS FOR CERTAIN CLEAN ENERGY PROJECTS.

HB 5400 prohibits the Commissioner of Energy and Environmental Protection or electric distribution companies from entering power purchase agreements for electricity priced more than 150% above the average wholesale rate. It also requires the Commissioner to jointly solicit proposals for clean energy projects exceeding 20 megawatts with two or more other states. The bill directly affects state energy agencies and utility companies managing large-scale renewable energy contracts. These provisions aim to cap costs for consumers and encourage regional collaboration on major clean energy initiatives.