This bill amends existing law regarding the reconciliation of default electric service rates by prohibiting utilities from recovering costs associated with default electric service through non-bypassable charges, except in extraordinary circumstances as determined by the commission through an adjudicative proceeding. Specifically, the bill inserts language stating that no reconciliation of actual and estimated wholesale power supply costs incurred by a utility for providing default service shall be collected through these charges unless the commission finds extraordinary circumstances.

Additionally, the bill modifies the restructuring policy principles to ensure that as competitive markets develop, the commission can approve alternative methods for providing transition or default services that minimize customer risk and do not hinder market development or create new deferred costs. The effective date of this act is set for June 16, 2026, upon its passage.

Statutes affected:
Introduced: 374-F:3
As Amended by the House: 374-F:3
As Amended by the Senate: 374-F:3
Version adopted by both bodies: 374-F:3
CHAPTERED FINAL VERSION: 374-F:3
HB1733 text: 374-F:3