Public Trust in Utility Regulation Act of 2026 requires detailed capital expenditure descriptions and regular audits of public utilities.
The Public Trust in Utility Regulation Act of 2026 mandates that electric or gas companies provide detailed descriptions of proposed capital expenditures when seeking rate changes. These descriptions must include the purpose, total estimated cost, expected period of usefulness, specific location, rationale, and anticipated benefits. The Public Service Commission must post these descriptions publicly and conduct regular audits of public utilities every three years, covering market information, quality of services, financial data, societal impact, affiliate transactions, and cost of equity.
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