CT HB05327

Public Utilities Regulatory Authority must authorize electric distribution companies to recover prudently incurred costs for energy storage systems built to enhance distribution reliability or resiliency, effective October 1, 2022.

Cost recovery occurs through a fully reconciling rate component until the company's next rate case, after which costs are recoverable through base distribution rates under existing principles.

Companies must maximize wholesale electricity, capacity, and other market revenues from completed energy storage systems while maintaining distribution reliability, with net revenues credited to ratepayers to offset system costs.

Authority shall direct each electric distribution company to submit no more than three pilot program proposals by January 1, 2023, for building and operating energy storage systems to improve critical infrastructure resiliency.

Authority shall approve or modify proposals if investment is deemed reasonable, prudent, and provides value to ratepayers; section contains no limitations or caps on the authority's powers under amended statute 16-244e.