A bill for an act establishing procedures for system enhancement of infrastructure, including for development of ratemaking principles permitted for recovery costs of certain investments in infrastructure by water and wastewater utilities.(See SF 2304.)

This bill establishes new procedures for improving infrastructure related to water and wastewater utilities. It aims to create guidelines for how these utilities can recover costs associated with certain infrastructure investments through ratemaking principles. Essentially, it helps utilities manage expenses while ensuring they can maintain and enhance their services.

Supporters of this bill argue that it will lead to better infrastructure for water and wastewater services, ensuring that communities receive safe and reliable access to these essential utilities. By allowing utilities to recover costs for necessary investments, the bill is seen as a proactive step toward modernizing infrastructure and improving service quality.

Critics of the bill may contend that it could lead to higher rates for consumers as utilities pass on their investment costs. They might argue that the procedures established could favor utility companies over the interests of the public, potentially resulting in less accountability and transparency in how infrastructure costs are managed.