This bill requires the Department of Energy Resources to develop a long-range grid plan that provides a 10-year roadmap for the modernization, reliability and resilience of the State’s electric grid consistent with the state energy plan and the integrated grid planning overseen by the Public Utilities Commission. The bill requires the commission to establish performance-based regulatory mechanisms to align electric utility incentives with the long- range grid plan and requires the department to submit a report to the joint standing committee of the Legislature having jurisdiction over energy and utility matters that outlines the process to develop the long-range grid plan as part of the state energy plan, an overview of the long-range grid plan, any needed statutory changes and any other relevant information the commission determines is necessary. It also requires electric utilities to file performance-based regulatory mechanism proposals along with the next general rate case required following the adoption of the long-range grid plan.

Statutes affected:
Bill Text LD 2113, HP 1428: 35-A.3147