The bill, HB2440, mandates that both public power entities and public service corporations prioritize reliable and affordable electric service in their infrastructure planning and investments. Specifically, it requires these entities to conduct planning and investments that ensure the reliability of the electric grid and affordability for retail customers. Additionally, it stipulates that the governing bodies of these entities must provide electric service at just and reasonable rates.

The new bill language introduces specific obligations for public power entities and public service corporations, emphasizing the need to prioritize reliability and affordability in their decision-making processes regarding electric generation, transmission, and distribution. It also makes technical changes to existing law, such as updating the section references and clarifying the responsibilities of these entities. The bill was ultimately vetoed by the Governor, who expressed concerns about its necessity and the potential for regulatory uncertainty.

Statutes affected:
Introduced Version: 30-811, 40-202
House Engrossed Version: 30-811, 40-202