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 increasing investment in end-use 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 grants the commission certain duties and powers, such as maintaining service-quality standards and adopting performance incentives. The Rhode Island energy efficiency and resources management council is also required to propose energy-savings targets to the commission. The bill includes reporting requirements for distribution companies and takes effect upon passage.

Statutes affected:
468: 39-1-27.7.1