Establishes a natural gas price reserve to mitigate rate impacts for residential customers.

The bill mandates that public utilities providing natural gas to residential customers establish and maintain a natural gas price reserve. This reserve is funded through modest per-therm surcharges, excess margins, and revenues from natural gas capacity releases. The reserve is intended to offset extraordinary natural gas costs, thereby reducing immediate rate shocks to customers. Funds can only be used for this purpose and may be utilized over multiple billing cycles. Utilities must submit an annual report detailing the reserve's funding, usage, balance, and impact on customer rates.

Establishes a natural gas price reserve to mitigate rate impacts for residential customers.

The bill mandates that public utilities providing natural gas to residential customers establish and maintain a natural gas price reserve. This reserve is funded through modest per-therm surcharges, excess margins, and revenues from natural gas capacity releases. The reserve is intended to offset extraordinary natural gas costs, thereby reducing immediate rate shocks to customers. Funds can only be used for this purpose and may be utilized over multiple billing cycles. Utilities must submit an annual report detailing the reserve's funding, usage, balance, and impact on customer rates.