Senate Bill 1034 establishes a new provision in the statutes that prohibits former commissioners of the Public Service Commission from engaging in certain employment for a period of 36 months after leaving their position. Specifically, these former commissioners are barred from working for compensation with investor-owned public utilities or transmission companies if their roles involve policy-making, executive decision-making, operations management, or government relations. The bill also stipulates that any violations of this employment prohibition will be treated as violations of the state's code of ethics for public officials, which is overseen by the Ethics Commission.

Additionally, the bill includes a retroactive applicability clause, meaning that the employment prohibition will also apply to individuals who ceased to be commissioners within the 12 months prior to the bill's enactment. This aims to ensure that former commissioners cannot immediately transition into roles that could pose a conflict of interest with their previous responsibilities.