AN ACT relating to utility fuel adjustment and declaring an emergency.

Summary

The bill lets the state utility commission lengthen the time electric utilities have to recover fuel‑adjustment costs, helping smooth out price swings for customers. It also requires the commission to judge the reasonableness of fuel contract prices entered into after July 1 2021 by subtracting any coal severance tax from the fuel cost. These changes are intended to keep electric rates more stable.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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