An Act protecting consumers from unreasonable utility rate increases
Generates a plain-language summary of the bill text and history.
| Committee | Recommendation | Vote |
|---|---|---|
| J37 | Accompanied | 1 entries |
| Bill | Title | Status |
|---|---|---|
| H3452 | An Act protecting consumers from unreasonable utility rate increases | Active |
Chapter 164 of the General Laws is hereby amended by inserting after section 94I the following section:-
(a) In any base rate proceeding conducted by the department under section 94 for electric companies or gas companies, the department may not approve an allowed return on equity higher than the average allowed return on equity approved in neighboring states over the preceding 4 years. Such requirement may be waived only upon a specific showing that the constitutional rights of the electric or gas company would otherwise be violated. (b) The determination of allowed return on equity under this section shall not include compensation related to programs under section 21 of chapter 25 or any performance incentives designed to promote the efficient, clean, and reliable operation of the electric or gas system. (c) For the purposes of this section, “neighboring states” shall mean Connecticut, Rhode Island, Maine, Vermont, and New Hampshire.
Chapter 164 of the General Laws is hereby amended by inserting after section 94I the following section:- Section 94J. (a) In any base rate proceeding conducted by the department under section 94 for electric companies or gas companies, the department may not approve an allowed return on equity higher than the average allowed return on equity approved in neighboring states over the preceding 4 years. Such requirement may be waived only upon a specific showing that the constitutional rights of the electric or gas company would otherwise be violated. (b) The determination of allowed return on equity under this section shall not include compensation related to programs under section 21 of chapter 25 or any performance incentives designed to promote the efficient, clean, and reliable operation of the electric or gas system. (c) For the purposes of this section, “neighboring states” shall mean Connecticut, Rhode Island, Maine, Vermont, and New Hampshire.