Digest: Allows the PUC to make a framework to reward or penalize power companies based on how well they perform. States how much money the PUC may spend to make the framework. (Flesch Readability Score: 71.0). [Digest: Allows the PUC to make a framework to reward or penalize power companies based on how well they perform. Gives money to the PUC to make the framework. (Flesch Readability Score: 68.7).] Allows the Public Utility Commission to adopt a framework for carrying out performance-based regulation of electric companies and use incentives and penalties to induce electric companies to bring electric utility operations in line with the public interest and certain objectives. Declares a public interest for purposes of the Act. [Appropriates moneys to the commission for implementing performance-based regulations.] Limits expenditures from certain moneys collected or received by the commission for the purposes of carrying out performance-based regulation of electric companies.