This bill amends Chapter 39-2 of the General Laws by introducing a new section, 39-2-1.5, which prohibits public utilities serving over 100,000 customers from recovering costs related to advertising, political contributions, charitable giving, and other specified expenses through their rates. The bill outlines various categories of costs that are not recoverable, including those associated with marketing and public education efforts aimed at influencing public opinion, membership dues to trade associations, lobbying activities, and expenses related to the company's board of directors.

Additionally, for rate proceedings initiated after July 1, 2026, utilities cannot recover costs associated with their attendance, participation, preparation for, or appeal of such proceedings. This includes costs such as attorneys' fees, expert witness fees, and employee salaries related to these activities.

The bill also amends Section 39-1-27.7.1 regarding revenue decoupling for electric distribution companies and gas companies with more than 100,000 customers. It establishes a three percent cap on annual budget increases for infrastructure, safety, and reliability plans, ensuring that spending remains controlled and consistent with the average of the approved "total capital spending" budgets for the previous five years. The commission is granted the authority to implement these requirements and may initiate rulemaking as necessary. The act will take effect upon passage.

Statutes affected:
7881: 39-1-27.7.1