Relating to: a cap on rate increases for retail electric service.

Summary

The bill creates a new rule that the public service commission cannot approve retail electricity rates that rise more than 5% above the previous year's rates. It replaces the existing provision with this cap and sets the repeal of the old rule to take effect on January 1, 2029. The measure targets utility customers and the commission that regulates rates.

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

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