FL S1532

Requires the Public Service Commission to hold at least one in-person public hearing per every 250,000 customers and to provide public access to executive compensation information for public utilities and their subsidiaries

Prohibits public utilities from recovering certain costs from ratepayers, including tax penalties, investor-relations expenses, lobbying-related dues and contributions, brand promotion advertising, and more than 50 percent of commissioner compensation

Authorizes penalties of up to three times the improperly recovered amount or $5,000 per violation for utilities that improperly pass prohibited costs to ratepayers, and requires refunds plus interest to customers

Caps the allowable return on equity for public utilities at the national average authorized return on equity for comparable utilities and establishes a cost-sharing structure requiring utilities to absorb at least 20 percent of electricity supply costs tracked through cost-recovery mechanisms

Directs the commission to adopt performance- and incentive-based rules that link return on equity to metrics such as energy efficiency, grid reliability, and cost effectiveness, including a 10-basis-point reduction in return on equity per percent deviation from the national average for electricity consumption efficiency and guidelines for a 50-50 debt-to-equity ratio