This bill amends the current law regarding revenue decoupling for electricity and gas distribution companies. It states that electricity and gas revenues should be fully decoupled from sales and outlines the purposes for which decoupling proposals can be submitted by distribution companies. These purposes include increasing efficiency, achieving energy efficiency goals, reducing risks, and encouraging investment in utility infrastructure and energy efficiency. The bill also requires distribution companies to file proposals with the commission to implement the decoupling policy and outlines the features and components that these proposals should contain. Additionally, the bill gives the commission the power to maintain service-quality standards, exclude certain rate classes from the decoupling mechanism, and adopt performance incentives for distribution companies. The bill also requires distribution companies to report on their revenues, performance, and customer education programs. This bill would take effect upon passage.

Statutes affected:
5849: 39-1-27.7.1