] Allows the Public Utility Commission to adopt a framework for carrying out performance-based regulation of electric companies and use incentives and penalties to induce electric companies to bring electric utility operations in line with the public interest and certain objectives. Declares a public interest for purposes of the Act. [Appropriates moneys to the commission for implementing performance-based regulations.] Limits expenditures from certain moneys collected or received by the commission for the purposes of carrying out performance-based regulation of electric companies.