Bill > LD301

This bill empowers the Public Utilities Commission (PUC) to establish performance-based metrics and rate-adjustment mechanisms for public utilities during any regulatory proceeding. In practical terms, this means the PUC can now create specific standards and financial incentives or penalties for utility companies based on their performance, which could include factors like service reliability, infrastructure maintenance, customer satisfaction, or environmental impact. The bill amends Title 35-A of the Maine Revised Statutes, specifically adding section 1324, which explicitly grants the commission this broad authority. By allowing such performance-based approaches, the legislation aims to encourage public utilities to improve their services and operational efficiency, potentially benefiting both utility companies and the consumers they serve. The bill represents a flexible regulatory approach that gives the PUC more tools to manage and guide utility performance beyond traditional rate-setting methods.

Transportation and Infrastructure

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=301&snum=132