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 introduces new provisions regarding utility base rates, specifically stating that advertising expenses may not be included in base rates, except for educational or safety-related advertising. Additionally, it mandates that electric distribution companies maintain separate accounts for demand-side management and renewable energy programs, with a charge per kilowatt-hour to fund these initiatives.

The bill extends the duration of the renewable energy fund until December 31, 2033, aligning it with Rhode Island's goal of achieving 100% renewable energy for electricity demand and complying with federal grant requirements.

Furthermore, the bill outlines the responsibilities of the Rhode Island Commerce Corporation in administering renewable energy programs and establishes a framework for the allocation of funds for energy efficiency and resource management. It allows for the potential involvement of third-party administrators in managing statewide energy efficiency programs, subject to approval by the Public Utilities Commission. The bill emphasizes transparency and accountability in the management of funds and requires annual reporting on the performance of demand-side management programs. Overall, the legislation aims to enhance the effectiveness of energy efficiency and renewable energy initiatives in Rhode Island.

Statutes affected:
5485: 39-2-1.2