The bill amends sections 39-1-27 and 39-1-27.3 of the General Laws in Rhode Island, focusing on the restructuring of electric distribution companies. It requires these companies to file restructuring plans regarding the ownership and operation of electric-generating facilities, specifically those constructed or acquired after January 1, 2025. The bill prohibits electric distribution companies from selling electricity at retail, with exceptions for owning, operating, and constructing generating facilities and energy storage systems as defined in the law.

The bill mandates that electric distribution companies provide retail access and establish a standard offer for customers who do not select alternative suppliers. It also outlines provisions for last-resort service for customers opting out of the standard offer and grants the Public Utilities Commission the authority to review and authorize these restructuring plans within six months.

Additionally, the bill introduces new definitions for electric-generating facilities and electric utilities, and it establishes labor standards for the construction of electric-generating facilities. This includes requirements for prevailing wages, the use of registered apprentices, and the necessity for labor peace agreements with bona fide labor organizations. These provisions will take effect upon passage and apply to facilities generating electricity on or after January 1, 2025.

Statutes affected:
2645: 39-1-27, 39-1-27.3