Massachusetts S2297 regulates utility pricing by capping inflation and requiring public hearings for rate changes.

Massachusetts S2297 amends utility pricing regulations by implementing an inflation cap on average rates for electricity customers, ensuring they do not exceed the annual growth rate of the Consumer Price Index. The bill mandates public hearings and 60 days' notice for any proposed rate increases by electric companies, overseen by the Department. The Department must review and approve rate changes, and establish performance-based rates for distribution, transmission, and gas companies, excluding advertising and charitable contributions from rate calculations.

Massachusetts S2297 regulates utility pricing by capping inflation and requiring public hearings for rate changes.

Massachusetts S2297 amends utility pricing regulations by implementing an inflation cap on average rates for electricity customers, ensuring they do not exceed the annual growth rate of the Consumer Price Index. The bill mandates public hearings and 60 days' notice for any proposed rate increases by electric companies, overseen by the Department. The Department must review and approve rate changes, and establish performance-based rates for distribution, transmission, and gas companies, excluding advertising and charitable contributions from rate calculations.