To amend the Public Utility Regulatory Policies Act of 1978 to require States to consider prohibiting cost recovery related to smart grid projects, and for other purposes.
Impact
If passed, this legislation would impose a new standard for state regulatory authorities regarding smart grid cost recovery. States would be mandated to hold hearings and make determinations about the financial liability of electric utilities concerning smart grid expenditures. This shift could lead to an increased financial burden on utilities as they would be unable to pass costs onto consumers, thereby potentially slowing down the implementation of new technologies that enhance the electrical grid.
Summary
House Bill 10019 aims to amend the Public Utility Regulatory Policies Act of 1978 by requiring states to consider prohibiting cost recovery for smart grid projects. The bill specifically targets the financial aspects related to the deployment of smart grid systems, stating that electric utilities may not recover costs associated with these projects from ratepayers. This proposal is significant as it seeks to alter the existing financial framework for utility investments in modernizing the grid, influencing how utilities manage their operating costs and investments in new technologies.
Contention
The bill is likely to spark debate among various stakeholders, including utility companies, regulatory bodies, and consumer advocacy groups. Proponents argue that the bill will protect consumers from unjust costs associated with infrastructure upgrades and push for utility companies to be more efficient. However, critics may view the bill as a limitation on necessary investments in smart grid technology, thereby hampering progress in updating energy infrastructure which could lead to long-term benefits such as improved reliability and energy efficiency.
A bill to amend the Deepwater Port Act of 1974 to improve community outreach, public participation, and the consideration of community and environmental impacts with respect to the issuance of a license under that Act, and for other purposes.