The bill amends Section 39-2-1.2 of the General Laws concerning the duties of utilities and carriers, specifically addressing utility base rates related to advertising, demand-side management, and renewable energy. It provides that the renewable energy fund remains in existence until December 31, 2033, to align with the mandate that one hundred percent (100%) of Rhode Island's electricity demand is from renewable energy and to comply with federal grant requirements.

The bill prohibits public utilities from including advertising expenses in their base rates, except for educational or informational advertising aimed at promoting public safety and conservation. It establishes a requirement for electric distribution companies to fund demand-side management programs through a charge per kilowatt-hour delivered.

Additionally, the bill outlines the administration of demand-side management programs for both electric and gas distribution companies, including the establishment of separate accounts for these programs. It allows for the allocation of funds to the Rhode Island infrastructure bank for energy efficiency and renewable energy projects and mandates annual reporting on the use of these funds. The bill also introduces provisions for the potential use of third-party administrators for energy efficiency programs, ensuring that any such administration aligns with the interests of Rhode Island utility customers. The act is set to take effect upon passage.

Statutes affected:
605: 39-2-1.2