Requires the Public Utilities Commission to establish performance-based incentives, including revenue adjustment mechanisms, cost control mechanisms, and reward and penalty mechanisms on or before 1/1/2027. Clarifies that the Public Utilities Commission is authorized to adopt alternative ratemaking procedures to establish electric utility rates and performance-based incentives. (CD1)

Statutes affected:
SB2487: 269-16.1
SB2487 SD1: 269-16.1
SB2487 HD1: 269-16.1
SB2487 CD1: 269-16.1