Senate Bill No. 1293 mandates the Commissioner of Energy and Environmental Protection to conduct a comprehensive study on the operations, reliability, rates, and regulatory oversight of electric utilities within the state. The bill stipulates that the commissioner must submit a report detailing the findings of this study to the joint standing committee of the General Assembly responsible for energy and technology matters by January 1, 2026. This new requirement is introduced as a new section in the law, marked by the insertion of "Section 1 from passage New section."

The fiscal impact of this bill is expected to be negligible, as the Department of Energy and Environmental Protection (DEEP) possesses the necessary staff and expertise to carry out the study without incurring additional costs. There are no deletions from current law associated with this bill, and it is anticipated that the study will provide valuable insights into the state's electric utilities without imposing any financial burden on the state or municipalities.