The proposed bill, General Assembly Proposed Bill No. 5080, aims to amend current statutes by removing the "Combined Public Benefits Charge" from electric bills for end-use customers of electric distribution companies. This charge, which is currently included in customer bills, will instead be funded through the General Fund.
The bill seeks to alleviate the financial burden on electric customers by eliminating this charge from their bills, thereby simplifying billing and potentially reducing costs for consumers. The costs associated with the public benefits charge will be shifted to the General Fund, ensuring that the funding for public benefits programs continues without directly impacting electric customers.