Enacts the "utility ratepayer protection act"; requires legislative approval of increases in utility charges.

The "utility ratepayer protection act" mandates that any changes to utility rates or charges must be approved by both houses of the legislature. Utilities must submit a report to the legislature at least 180 days before any proposed increase, detailing the financial condition of the utility and justifying the increase. The legislature can demand more information. If the legislature finds the proposed increases unnecessary, they will not take effect until approved by a majority vote of each house.

Enacts the "utility ratepayer protection act"; requires legislative approval of increases in utility charges.

The "utility ratepayer protection act" mandates that any changes to utility rates or charges must be approved by both houses of the legislature. Utilities must submit a report to the legislature at least 180 days before any proposed increase, detailing the financial condition of the utility and justifying the increase. The legislature can demand more information. If the legislature finds the proposed increases unnecessary, they will not take effect until approved by a majority vote of each house.