The bill amends section 366.075 of the Florida Statutes to authorize the Public Service Commission to establish an experimental mechanism aimed at facilitating energy infrastructure investments specifically in gas. This mechanism is designed to support investments that involve the collection, preparation, cleaning, processing, transportation, or injection of gas for use as a transportation fuel or for pipeline distribution. The bill defines "gas" to include anaerobically generated biogas, landfill gas, or wastewater treatment gas that has been refined to a methane content of 90 percent or greater.

Additionally, the commission is granted the discretion to determine whether the implementation of this experimental mechanism will occur through an annual proceeding. The bill mandates that the commission adopt rules to implement and administer this new subsection, with a requirement to propose these rules by January 1, 2026. The act is set to take effect on July 1, 2025.