[§269‑122]  Public benefits fund administrator; establishment.  (a)  If the public utilities commission establishes a public benefits fund, the public utilities commission shall appoint a fund administrator to operate and manage any programs established under section 269‑121.  The fund administrator shall not expend more than ten per cent of the fund in any fiscal year, or other reasonable percentage determined by the public utilities commission, for administration of the programs established under section 269‑121.

     (b)  The fund administrator shall be subject to regulation by the public utilities commission, including pursuant to sections 269‑7, 269‑8, 269‑8.2, 269‑8.5, 269‑9, 269‑10, 269‑13, 269‑15, 269‑19.5, and 269‑28, and shall report to the public utilities commission on a regular basis.  Notwithstanding any other provision of law to the contrary, the fund administrator shall not be an electric public utility or an electric public utility affiliate. [L 2006, c 162, pt of §1]