Establishes a presumption that certain refunds received by public utility companies and municipalities shall be passed on to ratepayers

Summary

The legislation creates a legal presumption that when public utility companies or municipalities receive refunds, those funds should be transferred to the customers who pay rates. It affects utilities, local governments, and the ratepayers they serve, aiming to ensure that any recovered money benefits consumers rather than staying with the provider.

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

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