AL HB614

Electric utilities may recover costs and earn a 15 percent rate of return from ratepayers on investments in voltage regulation technologies, subject to Alabama Public Service Commission approval.

Qualifying voltage regulation technologies must reduce energy consumption, improve grid efficiency, and dynamically raise or lower voltage.

Technologies must achieve 99 percent or greater efficiency across at least 90 percent of the load curve.

The act becomes effective on the first day of the third month following passage and gubernatorial approval.