The bill amends Section 39-2-1.2 of the General Laws in Chapter 39-2, which pertains to the duties of utilities and carriers. It provides that the renewable energy fund will remain in existence until December 31, 2033, to align with the mandate that 100% of Rhode Island's electricity demand is met from renewable energy sources and to comply with federal grant requirements.

The bill also introduces provisions regarding utility base rates, specifically prohibiting public utilities from including advertising expenses in their base rates, except for educational or safety-related advertising. It establishes a framework for funding demand-side management and renewable energy programs through specific charges per kilowatt-hour and deca therm delivered. Additionally, it mandates the creation of separate accounts for these programs and outlines the roles of the Rhode Island Commerce Corporation and the Public Utilities Commission in administering and overseeing these initiatives.

The act is set to take effect upon passage, reinforcing the state's commitment to enhancing energy efficiency and promoting renewable energy initiatives.

Statutes affected:
5485: 39-2-1.2