Bill

Bill > HB3159


OR HB3159

Relating to public utility rates.


summary

Introduced
01/13/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Legislative Measures

Bill Summary

The statement includes a measure digest written in compliance with applicable readability standards. Digest: Limits the amount by which a public utility may increase a rate or schedule of rates in a year. (Flesch Readability Score: 67.3). Limits the maximum percentage by which a public utility may increase a rate or schedule of rates in a calendar year to the average percentage change of the Consumer Price Index.

AI Summary

This bill limits the annual rate increases that public utilities can implement by tying them directly to inflation, specifically the Consumer Price Index (CPI) for the West Region. Under the proposed legislation, the Public Utility Commission would be prohibited from approving rate increases for public utilities that exceed the September annual 12-month average change in the CPI for All Urban Consumers in the West Region, as published by the Bureau of Labor Statistics. The bill requires the commission to publish the maximum allowable percentage increase by September 30th each year for the following calendar year. This means that if the CPI for the West Region shows an inflation rate of 3% in a given year, public utilities would be restricted to raising their rates by no more than 3% for that calendar year. The goal of this legislation appears to be protecting consumers from potentially excessive utility rate increases by linking them to a standardized measure of economic inflation.

Sponsors (1)

Last Action

Referred to Commerce and Consumer Protection. (on 01/17/2025)

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