This bill enhances oversight of investor-owned utilities by requiring them to report all “nontraditional funding” (such as grants or loans) they apply for or receive, mandating that utilities disclose these funding sources when seeking ratepayer financing and directing the Public Utilities Commission (PUC) to penalize noncompliance. The PUC must ensure utilities pass financial benefits from such funding to ratepayers and submit annual legislative reports detailing funding sources, amounts, projects, and ratepayer savings. While violations of these requirements would remain punishable as crimes under the Public Utilities Act—potentially creating state-mandated local costs—the bill specifies no state reimbursement is required. The measure aims to improve transparency and ensure ratepayers benefit from alternative utility financing.