The purpose of this legislative proposal is to amend an existing law known as the Public Utility Regulatory Policies Act of 1978. The main goal is to require states to consider prohibiting electric utilities from recovering costs related to smart grid projects from their customers. Smart grids are advanced electrical systems that use technology to improve the efficiency and reliability of electricity delivery. Key provisions of the proposal include the repeal of a specific section that currently allows for cost recovery related to smart grid investments.