The proposed legislation, known as the "Energy Utility Reporting Transparency Act," establishes a new chapter in the Louisiana Revised Statutes that mandates energy utility providers to implement annual consumption reporting mechanisms. The Act defines key terms such as "annual consumption report," which details the aggregate energy usage for properties with multiple meters, and outlines the responsibilities of the Public Service Commission (PSC) in publishing utility data. Specifically, the PSC is required to annually publish a list of energy utilities that offer or do not offer the option for property owners to request an annual consumption report, ensuring transparency in energy usage reporting.

Additionally, the Act requires energy utilities to report to the PSC by January 15 each year on whether they provide the option for annual consumption reports. While the legislation does not mandate that utilities must offer these reports, it does require them to disclose their service options to the PSC. The PSC is also tasked with creating any necessary rules and regulations for the implementation of this Act, which will take effect upon the governor's signature or after the designated period for bills to become law without signature.