An Act To Clarify The Process To Transfer Funds Resulting From The Expiration Of Unused Kilowatt-Hour Credits To Be Used To Provide Assistance To Low-Income Electricity Customers

LD 905 requires utilities with net energy billing programs to send the value of expired unused electricity credits to low-income electricity assistance programs by April 1st, rather than to the Public Utilities Commission. The bill mandates that utilities report the number and monetary value of these credits to the commission and establishes rules for how they must account for and remit funds. This change ensures that funds from unused credits directly support low-income electricity customers through existing assistance programs. The bill amends existing law to clarify the transfer process and deadline for these funds.