Authorizes certain cities and towns, engaged in the generation, sale, or distribution of energy, to: (1) Assist its customers in financing the acquisition and installation of materials and equipment for the electrification of transportation; and

(2) Offer programs, services, or investments in the electrification of transportation for its customers in a way as to benefit ratepayers, pursuant to an electrification of transportation plan adopted by the governing body of the city or town.