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SB289: Requiring economic development electric rate discounts offered by public utilities to cover the incremental and variable costs to serve customers that receive such a discount.
IntroducedSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill requires public utilities to ensure that electric rate discounts for economic development projects cover the extra costs of serving those customers. This means that if a business gets a discounted rate to attract new jobs or investment, the utility must factor in the added expenses.
Who This Affects
Small businesses and industries receiving these discounts will be directly affected by this bill. It may also impact local governments and economic development organizations that offer incentives for job creation and investment.
Key Provisions
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Timeline
Introduced
Monday, March 3, 2025
Last Action
Senate Referred to Committee on Utilities
Mar 4, 2025
Sponsors
No sponsors listed.
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