HB809 - Electric utilities; federal funding resources.

3 Co-Sponsors

Department of Energy; State Corporation Commission; federal funding resources for electric utilities; report. Directs the Department of Energy, in collaboration with the State Corporation Commission, to estimate and analyze total and discrete federal funding resources available to electric utilities in the Commonwealth for transmission, generation, distribution, or grid transformation projects. The bill directs the Department to develop a benchmarking and tracking system to encourage the maximum leveraging of federal funding resources by electric utilities no later than October 1, 2025. The bill requires the Department and the Commission to complete their meetings by November 30, 2024, and to submit an executive summary and report of their findings to the Commission on Electric Utility Regulation.