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 119 hr 1148, also known as the Smart Grid Cost Recovery Prohibition Act of 2021, 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 cost recovery related to smart grid projects.

The bill specifically targets the funding and cost recovery mechanisms for smart grid projects, which are designed to modernize and improve the efficiency of the electrical grid. By requiring states to consider prohibiting cost recovery for these projects, the bill aims to ensure that consumers are not unfairly burdened with the costs associated with implementing smart grid technology.

In addition to addressing cost recovery for smart grid projects, the bill also includes provisions for other purposes related to the regulation of public utilities. This could include additional requirements or regulations aimed at promoting transparency, accountability, and fairness in the utility industry. Overall, the Smart Grid Cost Recovery Prohibition Act of 2021 seeks to protect consumers from potentially excessive costs associated with smart grid projects while also promoting responsible and efficient regulation of public utilities.