An Act To Reduce Energy Costs By Permitting The Ownership Of Generation By Investor-Owned Transmission And Distribution Utilities

This bill allows Maine's investor-owned electric utilities (like Central Maine Power) to own or financially control power generation assets (such as power plants) after March 1, 2026. It requires the Public Utilities Commission to create rules ensuring ratepayers (residential and business customers) are not charged for these generation costs unless approved, and that utility finances for generation are kept separate from customer bills. The bill repeals previous restrictions that prevented such ownership by these utilities. It directly affects investor-owned utilities and their customers by changing how utilities can operate in Maine's energy market.