Substitute Senate Bill No. 1531 seeks to improve transparency and accountability in the regulation of public utilities in Connecticut, particularly focusing on electric distribution companies (EDCs) and gas companies. The bill redefines "public agency" to include these utilities, thereby subjecting them to the Freedom of Information Act (FOIA) and prohibiting them from recovering costs related to FOIA compliance unless deemed proper by the Public Utilities Regulatory Authority (PURA). It also mandates annual reporting of itemized costs for memberships, lobbying, and advertising, and introduces a cap on EDCs' allowed rate of return at their weighted average cost of capital. Additionally, the bill increases the notice period for PURA hearings from one week to two weeks and requires the Auditors of Public Accounts to conduct biennial audits of the Home Energy Solutions Audit program.

The bill further establishes new regulations regarding the control of EDCs and gas companies, prohibiting any individual or corporation from controlling both types of companies after January 1, 2026, and requiring divestment for those currently in violation. It also modifies the review process for applications related to utility control, emphasizing financial and managerial suitability, and sets specific timelines for decision-making. Other provisions include restrictions on utility fees that could hinder the adoption of energy-efficient technologies and the repeal of certain existing statutes to incorporate these updates. Overall, the bill aims to enhance regulatory oversight, promote cost-effectiveness, and ensure consumer protection within the utility sector, with an effective date set for 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