The bill amends Chapter 39-1 of the General Laws, specifically adding a new section titled "39-1-64. Cap on energy distribution fees." This new provision prohibits public utilities, as defined in § 39-1-2, from increasing transmission and distribution fees on consumer billing statements for a period of two years, starting July 1, 2025. Any fee increase during this period would require approval from the General Assembly. Additionally, the bill specifies that these provisions do not apply to utilities with fewer than 7,500 utility accounts.

The act is designed to provide financial stability for consumers by capping energy distribution fees and ensuring that any potential increases are subject to legislative oversight. The bill will take effect immediately upon passage, reinforcing the commitment to consumer protection in the utility sector.