Currently, public utilities may provide charging ports or fueling stations for motor vehicles as unregulated services. The bill authorizes public utilities to provide these services as regulated or unregulated services and allows cost recovery.
The bill allows a public utility to apply to the public utilities commission (commission) to build facilities to support electric vehicles. Standards are set for approval. When a facility is built, the rates and charges for the services:
- May allow a return on any investment made by a public utility at the utility’s weighted average cost of capital at the utility’s most recent rate of return on equity approved by the commission; and
- Must be recovered from all customers of a public utility in a manner that is similar to the recovery of distribution system investments.