A bill to amend the Public Utility Regulatory Policies Act of 1978 to prohibit retail electric and gas utility rate increases in excess of the cost of living.

Summary

Amends the Public Utility Regulatory Policies Act of 1978 to prohibit annual retail electric and gas utility rate increases in excess of the cost of living for the preceding calendar year. Makes such prohibition inapplicable to any rate increase which is charged to an electric consumer under an automatic fuel adjustment clause of a rate schedule which permits rate increases or decreases without prior hearing by a State regulatory authority. Treats the amount of any rate increase which is disallowed for any calendar year as an automatic rate increase for the next calendar year.

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Timeline

1. 17 June 1981

   Introduced

   Read second time and referred to Senate Committee on Energy and Natural Resources.

   Source: IntroReferral

2. 17 June 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 17 June 1981

  Open at official source

Sponsors

• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• · sseg00 · Standing

Related records

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