Relating to the supply of electricity in this state; prescribing an effective date.

Makes a power company have a new power source that meets certain standards before the company can close a power plant. (Flesch Readability Score: 60.6). Requires an electric company to first acquire a replacement resource of reliable or dispatchable electricity prior to retiring an electric power generating facility that provides reliable or dispatchable electricity. Requires the Public Utility Commission to seek a waiver to, or if unable to obtain a waiver, seek an injunction against, any federal regulations or requirements that impose increasing costs to the maintenance or operation of an electric power generating facility such that an electric company seeks to retire the electric power generating facility. Takes effect on the 91st day following adjournment sine die.