Electric utilities; regulation of rates, prohibited recovery.

Electric utilities; regulation of rates; prohibited recovery; report. Provides that the State Corporation Commissionshall consider any rate, toll, charge, or schedule of a public utilityjust and reasonable only if the investor-owned public electric utilityhas demonstrated that no parts of such rates, tolls, charges, orschedules includes costs for activities as prohibited by the bill.The bill prohibits investor-owned electric utilities from recoveringthrough base rates any direct or indirect costs associated with certainprohibited recovery activities listed in the bill. The bill requireseach such utility to submit an annual report to the Commission startingJuly 1, 2025, of specific information related to the prohibited recoveryactivities listed in the bill. The bill also permits the Commissionto impose a fee on any utility acting in violation of the provisionsof the bill in an amount equal to the amount improperly recoveredby the utility through any prohibited recovery activity listed inthe bill.