This bill prohibits the Board of Public Utilities from allowing public utilities to recover certain administrative costs through the rates charged to ratepayers. Specifically, it states that after the bill's effective date, public utilities cannot request recovery of these costs, which are defined as any payments made in furtherance of utility service that are not classified as capital expenses. The bill provides examples of administrative costs, including personnel salaries, information technology, office supplies, and legal expenses.

The legislation aims to protect ratepayers from bearing the burden of these administrative costs, ensuring that only capital expenses are reflected in utility rates. The bill is set to take effect immediately upon passage.