Relating to the residential rates of public utilities; and prescribing an effective date.

Summary

The bill amends the statutes governing public‑utility rates, letting the Public Utility Commission hold hearings on most rate changes and requiring utilities to prove the changes are fair, just and reasonable. It defines “automatic adjustment clauses,” sets rules for alternative regulation plans, and bars residential electricity or gas rate hikes from taking effect between November 1 and March 31. The changes aim to give customers more oversight and protect them from abrupt, large rate spikes.

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

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