Requires electric corporations, gas corporations, steam corporations and water-works corporations to adopt the common equity ratio and rate of return on equity authorized by the public service commission unless such utility can successfully demonstrate that such authorized rates do not meet their capital and/or operating needs.
Provides that gas, electric, or combination gas and electric corporations shall not be permitted to retain revenues derived from their actual return on equity in excess of authorized rates of return on equity.
Provides that gas, electric, or combination gas and electric corporations shall not be permitted to retain revenues derived from their actual return on equity in excess of authorized rates of return on equity.
Requires certain investor-owned gas or electric corporations to refund ratepayers when their achieved return on equity exceeds authorized rates of return by fifty percent.
Public utilities: electrical and gas corporations: return on equity.
Enacts the "ratepayer transparency act" which requires bills utilized by public and private gas corporations, electric corporations and gas and electric corporations in levying charges for service to include separate categories for certain charges.
Enacts the "ratepayer transparency act" which requires bills utilized by public and private gas corporations, electric corporations and gas and electric corporations in levying charges for service to include separate categories for certain charges.
Electrical corporations and gas corporations: rates.
Designates certain employees of public utilities, municipal utilities, electric corporations, gas corporations, water corporations, steam corporations, telecommunications corporations, and cable television companies as first responders during a declared state disaster emergency.
Designates certain employees of public utilities, municipal utilities, electric corporations, gas corporations, water corporations, steam corporations, telecommunications corporations, and cable television companies as first responders during a declared state disaster emergency.