Home Energy Affordability Act
Sponsored By: Representative Vindman, Eugene Simon [D-VA-7]
Introduced
Summary
Caps how often state-regulated electric utilities can seek retail rate increases to once every 365 days. The bill would add a new paragraph to Section 111(d) of the Public Utility Regulatory Policies Act of 1978 to require that a State-regulated electric utility may file a request for a retail rate increase with the state regulatory authority only once every 365 days. This is a targeted procedural change focused on the frequency of filings to state regulators rather than on rates or funding mechanisms themselves.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Limits electric companies to annual rate requests
This bill would limit state-regulated electric utilities so each utility could file for a retail rate increase with the state regulator only once every 365 days. It would apply in states where regulators set retail electric rates. It would not apply to independent or wholesale electricity markets. The bill text does not set an effective date or enforcement mechanism.
Sponsors & CoSponsors
Sponsor
Vindman, Eugene Simon [D-VA-7]
VA • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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