Establishes an income-sensitive tiered subsidy program to make home energy utility costs affordable for low-income households.

This bill creates a tiered subsidy program for home energy utility costs, ensuring affordability for eligible low-income households. Electric and gas distribution companies with over 100,000 customers must file a proposed percentage of income plan with the public utilities commission by January 2, 2027. The plan should provide fixed monthly payments and arrearage forgiveness over 24 months. The commission will establish discount tiers and customer eligibility, ensuring eligible customers pay no more than a fixed percentage of their income.

Establishes an income-sensitive tiered subsidy program to make home energy utility costs affordable for low-income households.

This bill creates a tiered subsidy program for home energy utility costs, ensuring affordability for eligible low-income households. Electric and gas distribution companies with over 100,000 customers must file a proposed percentage of income plan with the public utilities commission by January 2, 2027. The plan should provide fixed monthly payments and arrearage forgiveness over 24 months. The commission will establish discount tiers and customer eligibility, ensuring eligible customers pay no more than a fixed percentage of their income.