The bill establishes regulations for electric public utilities regarding electric vehicle (EV) charging services. It prohibits these utilities from recovering costs associated with electric vehicle charging stations from ratepayers. Instead, utilities must provide EV charging services through a nonregulated private enterprise, ensuring that these services are offered on an equitable and nondiscriminatory basis, similar to how they would offer services to private entities. Additionally, the bill mandates that electric public utilities create specific rate schedules for EV charging services provided by private operators.

Furthermore, the bill outlines that costs related to the construction, installation, operation, ownership, or maintenance of electric vehicle charging stations cannot be included in the rate base of retail electric suppliers. It requires these suppliers to maintain separate accounting for their nonregulated private enterprise related to EV charging services. The bill also stipulates that each retail electric supplier must establish a commercial direct-current fast charging station rate schedule by October 1, 2025, which will assess charges based on kilowatt-hours consumed rather than electricity demand. This rate schedule must be approved or amended by the state corporation commission within a specified timeframe.