To amend the Public Utility Regulatory Policies Act of 1978 to require States to consider prohibiting cost recovery related to smart grid projects, and for other purposes.

Bill 118 hr 10019, also known as the "Smart Grid Cost Recovery Prohibition Act," aims to amend the Public Utility Regulatory Policies Act of 1978. The main goal of this bill is to require states to consider prohibiting the recovery of costs related to smart grid projects by utility companies.

The bill highlights the importance of ensuring that consumers are not burdened with the costs of implementing smart grid technology, which is designed to improve the efficiency and reliability of the electrical grid. By prohibiting cost recovery for these projects, the bill aims to protect consumers from potential rate increases that may result from the implementation of smart grid technology.

In addition to prohibiting cost recovery for smart grid projects, the bill also includes provisions for other purposes related to the regulation of public utilities. These provisions are aimed at promoting transparency and accountability in the regulation of utility companies, and ensuring that consumers are not unfairly burdened with the costs of implementing new technologies. Overall, the Smart Grid Cost Recovery Prohibition Act seeks to strike a balance between promoting the adoption of smart grid technology and protecting consumers from potential rate increases. By requiring states to consider prohibiting cost recovery for smart grid projects, the bill aims to ensure that the benefits of this technology are realized without placing an undue financial burden on consumers.