Relating to: requirements for granting a certificate for certain electric facilities and use of environmental trust bonds to finance the costs of retiring electric facilities.

This bill modifies rules for how electric utilities can retire old facilities and use special environmental trust bonds to pay for those costs. It requires the state Public Service Commission to approve the use of environmental trust bonds for retiring facilities only if the facility hasn't fully recovered its value and the commission finds it serves the public interest. The bill also adds a requirement that new electric facilities primarily serving very large customers (those with at least 75 megawatts of power) must obtain financing approval for any unrecovered value if the facility is retired before full value recovery. Additionally, it clarifies that the commission cannot deny cost recovery for environmental control activities just because environmental trust financing might be available.