The proposed bill amends the "Affordable Clean Energy Security Act" to strengthen Rhode Island's energy policy framework by introducing several key provisions. Notably, it includes a new purpose statement that emphasizes strategic investments in energy resources and infrastructure aimed at improving reliability, reducing costs, and protecting the environment. The bill defines "commercially reasonable" to establish criteria for evaluating energy project costs and benefits, ensuring they are favorable for Rhode Island ratepayers. Additionally, it introduces a definition for "emission reduction mitigation," focusing on technologies that lower greenhouse gas emissions from natural gas transmission and electric generation. The Office of Energy Resources is granted expanded responsibilities, including participation in regional energy planning and the development of emissions reduction strategies in collaboration with other New England states.

The bill also outlines a clearer process for evaluating and approving energy infrastructure projects by the Public Utilities Commission (PUC). It mandates joint recommendations from the Office of Energy Resources and the Division of Public Utilities and Carriers, which must assess the impacts on energy reliability and ratepayers. The bill emphasizes the importance of public utility participation in energy procurement efforts, particularly for renewable resources, while ensuring that affordability remains a priority. It requires the Department of Environmental Management to provide advisory opinions on greenhouse gas emissions and environmental impacts, and mandates that the PUC consider these opinions in its project determinations. The bill asserts its provisions will take precedence over existing climate legislation, ensuring a cohesive approach to energy policy that aligns with greenhouse gas reduction goals while maintaining affordability for consumers.