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Committee advances PBR bill for electric utilities with consumer protections and billing changes
Summary
The House Utilities, Energy and Telecommunications Committee passed House Bill 1002 as amended to allow limited performance‑based rate making (PBR) for regulated electric utilities, add multiyear rate plans and require levelized billing and consumer protections funded in part by a 0.2% residential revenue charge for low‑income programs.
House Bill 1002, which would authorize limited performance‑based rate making for regulated electric utilities, advanced from the House Utilities, Energy and Telecommunications Committee on a 12–0 recorded vote after several amendments were adopted.
Representative Sean Quiler, the bill sponsor, told the committee the measure "introduces performance based rate making in a limited and incremental way, not as a replacement for traditional regulation, but as an evolution to it," explaining that a portion of utility financial outcomes would be tied to performance metrics such as customer affordability and service restoration (including reliability metrics such as…
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