Bill > S07637

This bill prohibits public utilities from using funds raised from ratepayers or being reimbursed by such funds for certain activities, including contributions or gifts to political candidates, trade associations, public charities, and lobbyists, as well as certain travel, entertainment, and educational expenditures. The bill requires public utilities with more than 75,000 customers to submit annual reports to the Public Service Commission detailing these prohibited expenses, and if a utility engages in major political activities, it must also file quarterly reports. The Commission is directed to adopt rules and regulations necessary to implement the provisions of the bill.