Provides that effective July 1, 2025, the profit margin of any electric distribution company gas distribution company, would not exceed four percent (4%), in any given calendar year.
Effective July 1, 2025, provides that, the profit margin of any electric distribution company or gas distribution company, would not exceed 4%, in any calendar year and defines a "profit margin" as the return on equity that is allowed by the commission.
Impose requirements and actions that certain electric distribution and gas distribution companies must meet prior to implementing rate changes.
Impose requirements and actions that certain electric distribution and gas distribution companies must meet prior to implementing rate changes.
Provides that any rate increase with respect to electric distribution companies would be no greater than the increase in the Consumer Price Index or 5.5%, whichever is greater, unless there is approval of a higher rate by the general assembly.
Establishes thermal energy networks network infrastructure by any public utility company that provides electric/natural gas distribution to maximize cost-effective investments deemed in the public interest by the public utilities commission (PUC).
Changes utility company billing practices so that when a gas electric utility changes their customer billing, they are required to file a copy of the new bill with the PUC for approval, with a complete explanation of the changes.
Establishes the Genetic Information Privacy Act, which would require a direct-to-consumer genetic testing company, as defined, to provide a consumer with certain information regarding the company’s policies and procedures regarding use of genetic data.
Requires a natural gas and electric utility company to read the meters of all ratepayers on a quarterly basis. The utility would be required to provide a formula, used to create estimated bills, to the PUC in order to send estimated bills.
Requires at fault insurance companies to provide to any claimant whose vehicle is damaged in an accident, to provide a vehicle that is comparable to the claimant’s vehicle and that rental charges shall be based on local retail prices.