The bill amends the existing statutes related to public utilities and carriers in Rhode Island to enhance regional energy planning and procurement. It introduces new sections that allow public utility companies to participate in projects for the reliable transmission of nuclear power and/or large- or small-scale domestic or international hydroelectric power, as well as eligible renewable energy resources. The bill permits these utilities to procure nuclear power and enter into long-term contracts for its supply.

Additionally, the bill outlines the responsibilities of the public utilities commission in approving proposals from electric and gas distribution companies that align with the chapter's objectives. It emphasizes the need for competitive processes in soliciting proposals for the purchase of power resources, including nuclear power and renewable energy resources, as defined by existing law. The commission is tasked with ensuring that energy infrastructure projects serve the public interest before granting approvals.

The bill also includes a severability clause, stating that if any provision of the chapter is held invalid, the remaining provisions shall still be enforceable. This act takes effect immediately upon passage.

Statutes affected:
5575: 39-26.1-4