Bill > H2866

This bill aims to regulate the establishment and operation of municipal lighting authorities, which are entities created by cities and towns to provide electricity. It makes several amendments to existing laws, primarily concerning how municipalities can acquire electricity distribution systems from existing companies. Key provisions include establishing a process for municipalities to apply to the department (likely the Department of Public Utilities, though not explicitly defined as such in this snippet) for a feasibility review if they cannot agree on terms with a current distribution company, outlining the information required for such an application, and detailing the department's role in investigating and reporting on the acquisition's feasibility. The bill also introduces a standard formula for valuing the property to be purchased, including provisions for jointly-owned infrastructure and potential liabilities like unfunded pension obligations. Furthermore, it mandates that municipal lighting plants formed after July 31, 2012, must develop plans for renewable energy support and competitive generation supply for their customers, and establishes service quality standards for these newer entities.