Bill
A 2291
Overview: Bill Number: A 2291, Title: Requires public utility authorities to obtain legislative approval before raising rates or fees, or imposing new rates or fees, Status: REFERR
Overview: Bill Number: A 2291, Title: Requires public utility authorities to obtain legislative approval before raising rates or fees, or imposing new rates or fees, Status: REFERRED TO ENERGY, Introduced: January 09, 2024
Purpose and Intent: This bill aims to introduce additional oversight and accountability for public utility authorities when it comes to raising rates or fees, or imposing new ones. It seeks to provide legislative oversight and protect consumers from potentially unjustified rate increases.
Key Provisions:
- Requires public utility authorities to obtain legislative approval before raising existing rates or fees, or imposing new rates or fees.
- Establishes a process for public utility authorities to submit rate increase proposals to the legislature for review and approval.
- Mandates that public utility authorities provide detailed justification and cost analysis for any proposed rate or fee changes.
- Allows the legislature to reject or modify proposed rate or fee changes based on the provided information and public input.
Affected Parties and Impacts:
- Consumers of public utility services, such as electricity, water, and natural gas, would be protected from potentially unjustified rate increases.
- Public utility authorities would be required to undergo additional scrutiny and approval processes before implementing rate or fee changes.
- The legislative oversight could lead to more transparent and accountable decision-making by public utility authorities.
Procedural and Timeline Considerations:
The bill has been referred to the Energy Committee for further consideration. If passed, the legislation would take effect immediately, requiring public utility authorities to obtain legislative approval for any future rate or fee changes.
Compiled from official sources — confirm details with the bill’s official record.
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