An Act amending Title 66 (Public Utilities) of the Pennsylvania Consolidated Statutes, in restructuring of electric utility industry, further providing for definitions and for duties of electric distribution companies.

HB 1272 amends Pennsylvania's electric utility laws to restructure the industry by defining key terms and setting new requirements for electric distribution companies. It introduces "long-term resource adequacy agreements" (where companies invest in new generation resources like natural gas, nuclear, battery storage, or renewable energy in exchange for customer surcharges) and mandates that utilities procure power through a "prudent mix" of spot market purchases, short-term contracts, and long-term contracts (up to 30 years) designed to ensure reliable service at reasonable cost. The bill directly affects electric distribution companies, which must now follow these procurement rules, and Pennsylvania customers, who may see costs reflected in nonbypassable surcharges. The law requires the state commission to evaluate utility plans based on achieving "reasonable cost" generation supply while maintaining reliability, with specific findings needed for approval.