AN ACT ESTABLISHING A CAP ON THE RATE OF RETURN FOR ELECTRIC DISTRIBUTION COMPANIES.

SB 1104 would establish a legal limit on the maximum rate of return electric distribution companies can earn on their investments. This bill directly affects utility companies that deliver electricity to homes and businesses within the state. The key provision sets a specific cap on the percentage return these companies can receive from customer rates, preventing them from charging higher prices to achieve excessive profits. The bill aims to limit utility profits without specifying the exact cap amount or implementation timeline. This is a direct policy change to regulate utility pricing structures.