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119-hr-7926119th CongressWALLET

Stop Unfair Electricity Prices Act

Sponsored By: Representative Stevens, Haley M. [D-MI-11]

Introduced

Summary

Would block federal aid to investor-owned electric utilities that raise residential electricity rates above their January 1, 2026 levels. It ties any future Department of Energy help to limits on the top five executives' pay and to a short moratorium then a restricted period on assistance.

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  • Families and households: Residential customers would get a guardrail against federal-funded rate increases tied to post‑2026 rate hikes through a 1-year moratorium and a following 2-year restricted period.
  • Regulated investor-owned electric utilities: Utilities seeking federal assistance would have to keep the total compensation of their five highest-paid employees at or below January 1, 2026 levels and, if they raise rates, cut those pay totals by twice the percentage-point increase.
  • Department of Energy oversight: The Secretary of Energy would require reports showing before-and-after totals for the five highest-paid employees and must terminate assistance if a utility violates the pay or reporting rules.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Limits on utility aid tied to rates

If enacted, for 1 year after enactment the Secretary of Energy would not give financial assistance to state‑regulated investor‑owned electric utilities that, after enactment, charge residential customers a rate higher than on January 1, 2026. If the Secretary gives assistance during that year and later finds the utility raised rates above the January 1, 2026 level, the Secretary would stop the assistance. After that 1-year moratorium, for 2 years the Secretary would not give assistance to such utilities unless they meet three tests. The utility must not pay its five highest‑paid employees more than they received on January 1, 2026. If a utility raises residential rates above the January 1, 2026 level during the 2-year period, it must cut total pay for those five employees by twice the percentage‑point increase. The utility must also submit a report showing the five employees' total pay on January 1, 2026 and after the required reduction. The Secretary would end assistance if a utility violated these pay or rate rules. For these rules, "total compensation" would include salary, bonuses, stock awards, stock options, and other financial pay.

Sponsors & CoSponsors

Sponsor

Stevens, Haley M. [D-MI-11]

MI • D

Cosponsors

  • Rep. Vindman, Eugene Simon [D-VA-7]

    VA • D

    Sponsored 8/20/2026

Roll Call Votes

No roll call votes available for this bill.

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