Massachusetts S2149 amends utility pricing laws to establish fair and stable rates for electric companies.

Massachusetts S2149 amends Chapter 164 of the General Laws to revise utility pricing regulations. It mandates that electric companies cannot implement rate increases without approval from the Department of Public Utilities and a 60-day notice. The department must conduct public hearings and investigations on proposed rate changes and establish service quality standards for distribution, transmission, and gas companies. The bill also introduces an inflation cap on standard service transition rates, limiting annual increases to the Consumer Price Index growth rate.

Massachusetts S2149 amends utility pricing laws to establish fair and stable rates for electric companies.

Massachusetts S2149 amends Chapter 164 of the General Laws to revise utility pricing regulations. It mandates that electric companies cannot implement rate increases without approval from the Department of Public Utilities and a 60-day notice. The department must conduct public hearings and investigations on proposed rate changes and establish service quality standards for distribution, transmission, and gas companies. The bill also introduces an inflation cap on standard service transition rates, limiting annual increases to the Consumer Price Index growth rate.