RELATING TO RENEWABLE PORTFOLIO STANDARDS.

SB 1499 repeals the Public Utilities Commission's authority to impose penalties on electric utility companies that fail to meet renewable energy targets. This bill directly affects electric utilities by removing a regulatory enforcement mechanism. The key provision eliminates the PUC's power to fine companies for not meeting existing renewable portfolio standards, though it does not change the standards themselves. The bill is procedural in nature, focusing on regulatory authority rather than new policy requirements. It is currently pending introduction for the 2025 session.