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 in gas. This mechanism will align with existing structures in section 366.99 and the intent of section 366.91. The bill defines "gas" as anaerobically generated biogas, landfill gas, or wastewater treatment gas that is produced and refined in Florida to a methane content of 90 percent or greater, suitable for use as a transportation fuel or for pipeline distribution.

Additionally, the commission is tasked with adopting 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 the 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.