The "Utility Thermal Energy Network and Jobs Act" proposes the establishment of thermal energy networks in Rhode Island, emphasizing their role in achieving climate goals as outlined in the "Act on Climate." The bill mandates public utility companies to maximize cost-effective investments in these networks and requires the public utilities commission to initiate supportive proceedings within one year of enactment. Key provisions include the development of infrastructure plans every three years, with at least 40% of investments benefiting environmental justice communities, and the establishment of pilot projects to assess feasibility. The bill also prohibits the recovery of costs from customers for feasibility studies, ensuring that the financial burden does not fall on them.

Additionally, the bill introduces new requirements for public utility companies regarding large construction projects, including independent studies for projects over $25 million and mandates for apprenticeship participation. It amends existing laws to clarify definitions related to public utilities, specifically including thermal energy networks, and establishes a framework for the allocation and management of funds for energy efficiency and thermal energy initiatives. The bill emphasizes labor agreements, requiring labor peace agreements with bona fide labor organizations, and mandates quarterly reporting on pilot projects. Overall, the legislation aims to enhance Rhode Island's energy infrastructure while promoting job training and equitable access to thermal energy services.

Statutes affected:
5576: 39-2-1.2