The proposed bill, General Assembly Proposed Bill No. 419, seeks to amend the general statutes to allocate federal funding received by the state under the American Rescue Plan Act of 2021 for specific purposes. The bill aims to use these funds to pay for systems benefits charges that have been accrued by electric distribution companies as a result of hardship protection measures implemented during the COVID-19 pandemic.

This legislative initiative is designed to provide financial relief to electric distribution companies that have incurred additional costs due to the pandemic-related protections for consumers. By utilizing the federal funds, the bill intends to alleviate the financial burden on these companies while ensuring that the hardship measures remain effective for those in need.