Relating to expenditures nonrecoverable from ratepayers; declaring an emergency.

Prohibits an electric or gas company from recovering from ratepayers costs or expenses associated with advertising, political influence activity, litigation, penalties or fines and certain compensation. Directs the Public Utility Commission to limit the amount that an electric or gas company may recover from ratepayers for costs and expenses incurred by the electric or gas company in preparing for, attending, participating in or appealing a contested proceeding conducted before the commission. Requires an electric or gas company to submit an annual report to the commission that includes an itemized list of all costs and expenses incurred by the electric or gas company that are nonrecoverable from ratepayers.