Prohibits electric corporations and gas corporations from passing along costs or increasing charges to ratepayers as a result of increased costs incurred due to legal or regulatory proceedings against such electric corporation, gas corporation, or utility, including settlements, attorneys' fees, penalties, fines or costs.

This bill prevents electric and gas companies from charging their customers extra fees to cover costs related to legal or regulatory issues. This includes expenses for settlements, attorney fees, and any penalties they might incur. Essentially, it aims to protect consumers from being financially impacted by the companies' legal troubles.

Supporters of the bill argue that it safeguards consumers from unfair financial burdens caused by the mismanagement or legal issues of utility companies. They believe it promotes accountability and ensures that ratepayers are not penalized for the companies' failures in compliance or legal matters.

Critics may argue that this bill could limit the financial flexibility of electric and gas companies, potentially leading to reduced investment in infrastructure or services. They might claim that it could create an environment where utilities are less incentivized to operate responsibly, knowing they cannot pass on certain costs to consumers.