Referred to the House Committee on Energy and Commerce.
Summary
The Lowering Utility Bills Act would force investor‑owned electric, gas, and transmission utilities to calculate their allowed return on equity (ROE) at the lowest point of a federally defined reasonable range. It also prohibits those utilities from passing political lobbying, marketing, travel and related expenses on to customers. By tightening profit margins and eliminating non‑essential cost recovery, the bill aims to reduce electricity and gas bills for ratepayers.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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