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GA HB1487
Bill
Status
Introduced
3/1/2022
Primary Sponsor
Spencer Frye
Click for details
AI Summary
- Georgia's Public Service Commission would be required to consider utilities' efforts to assist low- and fixed-income residential customers through energy efficiency, demand-side management, and arrearage management when determining just and reasonable rates
- Utilities under the commission's jurisdiction must file publicly available quarterly reports with 18 categories of residential customer data, including billing amounts, past-due accounts, disconnections, late fees, and deferred payment agreements, broken down by ZIP Code and income level
- Each regulated electric utility must create a "Georgians First Fund" funded by excess revenues: 5% of above-target return on equity (within the authorized earnings band) and 10% of revenue exceeding the top of the earnings band
- Fund dollars must support programs reducing electric bills for low-income customers, including bill assistance, weatherization, energy efficiency, demand-side management, customer-sited solar, and community solar, with priority given to high energy burden ZIP Codes (where consumers pay more than 6% of income on electricity)
- Administrative costs are capped at 5% of total fund allocations, no more than 70% of annual contributions may be distributed in a given year, and the commission must adopt implementing rules and regulations by December 31, 2022
Legislative Description
Public utilities and transportation; quality of services to low income customers to be examined by Public Service Commission; provide
Last Action
House Second Readers
3/4/2022
Committee Referrals
Energy, Utilities and Telecommunications3/3/2022
Full Bill Text
No bill text available