Summary of Substitute Senate Bill No. 385

• Redefines "best interest of ratepayers" for energy procurements to include delivered prices, system reliability, greenhouse gas emissions reductions, fuel diversity, and alignment with state energy plans.

• Requires coordinated solicitations with at least two other states for nuclear power generating facilities on or after July 1, 2024, and mandates multistate approval before Connecticut can enter into nuclear agreements.

• Authorizes offshore wind solicitations up to 2,000 megawatts of nameplate capacity by December 31, 2030, with prevailing wage requirements and best efforts to employ state commercial fishing licensees for support services.

• Extends the Class III renewable energy requirement deadline from December 31, 2024, to December 31, 2029, at five percent of total output, with a transition exception for contracts entered into between January 1, 2023, and July 1, 2024.

• Establishes a task force to examine solar photovoltaic system consumer protections, with recommendations due by January 1, 2025, and authorizes the Public Utilities Regulatory Authority to select implementation entities for renewable energy and electric vehicle charging programs.