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2006 SESSION

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HB 700 Electricity; capped rates.

Introduced by: Clarke N. Hogan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Electricity rates.  Requires that from July 1, 2006, until the end of the capped rate period, an electric utility shall not be eligible to have its tariffs adjusted to reflect changes in its fuel costs, including the cost of purchased power, other than through a comprehensive rate case to establish reasonable and just rates for the service of the utility. The electric utility's capped rates will be adjusted to the levels established through the rate case.


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