AN ACT CONCERNING NOTICE TO ABUTTING LAND OWNERS AND THE DISCLOSURE OF SUBSIDIARY PROFIT AND LOSS STATEMENTS IN PUBLIC UTILITIES REGULATORY AUTHORITY RATE CASES AND CREATING A TASK FORCE TO STUDY THE CREATION OF MUNICIPAL ELECTRIC COMPANIES.

SB 93 requires utility companies in Connecticut to disclose subsidiary profit and loss statements during rate cases before the Public Utilities Regulatory Authority (PURA), making financial information more transparent for rate case reviews. It also mandates consistent notice procedures for adjacent property owners when developments are reviewed by either the Connecticut Siting Council or PURA. Additionally, the bill creates a task force to study whether municipalities could establish their own electric companies to serve local residents. These provisions directly affect utility companies, rate case participants, and property owners near development sites. The bill does not implement municipal electric companies but only authorizes a study on the possibility.