Requires the State Corporation Commission, in any ratemaking proceeding for an investor-owned utility authorized to furnish water or water and sewer service initiated after January 1, 2022, to evaluate such utility on a stand-alone basis and, for purposes of establishing any revenue requirement and rates, utilize such utility's actual end-of-test period capital structure and cost of capital without regard to the cost of capital, capital structure, or investments of any other entities with which such utility may be affiliated.
 
1/12/22 Referred to ACNR
2/8/22 Reported from ACNR with amendment (14-Y 1-N)
2/14/22 Passed Senate (38-Y 1-N)
2/24/22 Reported from Commerce and Energy (22-Y 0-N)
3/1/22 Passed House (81-Y 9-N)
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