H.B. 260 Summary

• Establishes reliability performance standards for electric utilities measured by system average interruption duration and frequency indices, with standards set every five years and subject to commission rules.

• Allows electric light companies to file fully forecasted test period rate applications with a 12-month forward-looking approach, using 13-month average rate base and requiring true-up of forecasted versus actual plant investment.

• Creates distribution investment tracker mechanisms for electric utilities to collect revenue for distribution infrastructure investments for safety, reliability, efficiency, security, and grid resiliency, with a 4% annual cap on base distribution revenue collection.

• Authorizes storm response and cyber security/regulatory trackers (up to two additional) for electric utilities to recover costs from weather events and policy-consistent investments, subject to annual review and reconciliation.

• Requires electric light companies to file rate case applications every five years regarding distribution service and modifies rate case procedures including discovery limits, staff report timelines (150 days), and hearing schedules.