Requires that any proposed capital expenditure to be considered in any matter affecting a major change in rates must be described by the utility on a per project basis and shall include the purpose and the need for each capital expenditure, total cost, and benefits to the ratepayers and the operation of the distribution system, and shall be posted on the PSC website.

This bill requires utility companies to provide detailed information about any large capital expenditures that could affect customer rates. For each project, they must explain its purpose, total costs, and benefits to both ratepayers and the distribution system. This information must also be made available on the Public Service Commission's website.

Supporters of the bill argue that it promotes transparency and accountability among utility companies by ensuring that consumers have access to essential information regarding rate changes. By requiring detailed project descriptions, the bill empowers ratepayers to understand how their money is being spent and the benefits they can expect.

Critics may contend that this bill could create unnecessary bureaucratic hurdles for utility companies, potentially delaying important infrastructure projects. They might argue that the added requirements for detailed reporting could lead to increased administrative costs, which could ultimately be passed on to consumers.