Relating to performance-based regulation of electric utilities.
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What it does
Official summary
Allows the Public Utility Commission to adopt a framework for carrying out performance-based regulation of electric companies and use incentives and penalties to induce electric companies to bring electric utility operations in line with the public interest and certain objectives. Declares a public interest for purposes of the Act. Limits expenditures from certain moneys collected or received by the commission for the purposes of carrying out performance-based regulation of electric companies.
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