Ratepayer Protection Act

TL;DR (AI)

• This bill amends the Public Utility Regulatory Policies Act of 1978 to require electric utilities to recover the full cost of upgrades made for large-load customers, even if the customer ends their contract.
• The bill defines 'large-load customer' as a non-residential consumer with a peak electric demand of 100 megawatts or more and mandates utilities obtain financial assurances before making upgrades for these customers.
• State regulatory authorities and nonregulated electric utilities must consider this new federal standard within two years of the bill's enactment, without superseding existing state actions.