summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the determination of allowed return on equity for certain utility ratepayers. Telecommunications, Utilities and Energy.
AI Summary
This bill aims to protect ratepayers by limiting the allowed return on equity (ROE) for electric and gas companies in Massachusetts. Specifically, it states that the Department of Public Utilities cannot approve an ROE higher than the average ROE approved in neighboring states over the preceding four years, unless there is a showing that it would violate the company's constitutional rights. Additionally, the bill prohibits the Department from approving a performance-based ratemaking mechanism that automatically results in annual revenue increases higher than the rate of inflation. This provision also applies retroactively to any performance-based ratemaking mechanisms approved prior to December 31, 2019.
Committee Categories
Transportation and Infrastructure
Sponsors (7)
Natalie Blais (D)*,
Mindy Domb (D),
Dylan Fernandes (D),
Carlos González (D),
Jason Lewis (D),
Brian Murray (D),
Lindsay Sabadosa (D),
Last Action
Accompanied a study order, see H5042 (on 08/29/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H3259 |
| Bill | https://malegislature.gov/Bills/192/H3259.pdf |
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