Massachusetts H3452 aims to protect consumers from unreasonable utility rate increases by limiting the allowed return on equity for electric and gas.

Massachusetts H3452 amends Chapter 164 of the General Laws to introduce a new section, 94J, which restricts the Department of Public Utilities from approving an allowed return on equity for electric or gas companies that exceeds the average of neighboring states over the preceding four years. This restriction can only be waived if there is a specific showing that the constitutional rights of the utility company would otherwise be violated. The bill defines "neighboring states" as Connecticut, Rhode Island, Maine, Vermont, and New Hampshire.

Massachusetts H3452 aims to protect consumers from unreasonable utility rate increases by limiting the allowed return on equity for electric and gas.

Massachusetts H3452 amends Chapter 164 of the General Laws to introduce a new section, 94J, which restricts the Department of Public Utilities from approving an allowed return on equity for electric or gas companies that exceeds the average of neighboring states over the preceding four years. This restriction can only be waived if there is a specific showing that the constitutional rights of the utility company would otherwise be violated. The bill defines "neighboring states" as Connecticut, Rhode Island, Maine, Vermont, and New Hampshire.