Substitute Senate Bill No. 1531 seeks to improve transparency and accountability in the regulation of public utilities, particularly electric distribution companies (EDCs) and gas companies in Connecticut. The bill expands the definition of "public agency" to include these utilities, making them subject to the Freedom of Information Act (FOIA) and prohibiting them from recovering costs related to lobbying, advertising, and board expenses unless approved by the Public Utilities Regulatory Authority (PURA). It also mandates annual reporting of itemized costs associated with these activities. Additionally, the bill introduces a cap on the allowed rate of return for EDCs, requires two weeks' notice for public hearings, and prohibits any entity from controlling both an EDC and a gas company after January 1, 2026, necessitating divestment for those currently in violation.

The bill further enhances the auditing process by requiring the Auditors of Public Accounts to conduct biennial audits of the Home Energy Solutions Audit program and hire an additional auditor by July 1, 2026. It modifies the approval process for rate filings, ensuring that PURA must issue final decisions within 270 days and hold public hearings on applications. The bill also restricts state agencies from granting utilities a right of first refusal for real property sales and limits PURA's ability to approve fees that could hinder the adoption of energy-efficient technologies. Overall, these amendments aim to foster greater regulatory oversight, promote cost-effective energy practices, and ensure fair competition among utility companies, with various provisions set to take effect on October 1, 2025.

Statutes affected:
Raised Bill: 16-243gg, 16-2, 16-9, 16-25, 16-19
GAE Joint Favorable Substitute: 16-243gg, 16-9, 16-25, 16-2, 16-19
File No. 662: 16-243gg, 16-9, 16-25, 16-2, 16-19