The bill amends section 366.075 of the Florida Statutes to require the Public Service Commission to establish an experimental mechanism aimed at facilitating energy infrastructure investments specifically in gas. This mechanism will focus on 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" as anaerobically generated biogas, landfill gas, or wastewater treatment gas produced and refined in Florida to a methane content of 90 percent or greater.

Additionally, the bill mandates that the commission adopt rules to implement this mechanism, with a deadline for proposing these rules set for January 1, 2026. The rules must ensure that public utility customers benefit from any tradeable energy credits and tax savings associated with these gas infrastructure investments, as well as address the treatment of revenues from gas sales for transportation purposes. The act is set to take effect on July 1, 2025.