H.R.8568

Lowering Utility Bills Act aims to lower utility bills by setting return on equity for utilities.

The Lowering Utility Bills Act amends the Federal Power Act and the Public Utility Regulatory Policies Act of 1978 to require investor-owned electric and gas utilities and transmission providers to establish a return on equity at the lowest point in a range of reasonableness. This range is determined by three data points: the midpoint expected 10-year total or large-cap U.S. equity market return as estimated by financial academics, financial institutions, and Global Systemically Important Banks. Utilities must justify any higher return on equity used.