Establishes bill credit for certain utility customers, eliminates societal benefits charge, and concerns certain rate treatment and utility charges.

The bill requires the Board of Public Utilities to provide a one-time residential universal bill credit to all residential customers of electric and gas utilities. It prohibits the board from utilizing incentive accounting mechanisms that create a lost revenue conservation incentive program. The bill also eliminates the societal benefits charge and mandates that certain programs funded by the charge be funded instead through annual appropriations.

Establishes bill credit for certain utility customers, eliminates societal benefits charge, and concerns certain rate treatment and utility charges.

The bill requires the Board of Public Utilities to provide a one-time residential universal bill credit to all residential customers of electric and gas utilities. It prohibits the board from utilizing incentive accounting mechanisms that create a lost revenue conservation incentive program. The bill also eliminates the societal benefits charge and mandates that certain programs funded by the charge be funded instead through annual appropriations.