Enhances transparency and consumer protection in water system rates in Washington.

The bill aims to increase transparency and consumer protection in water system rates by requiring municipal water suppliers to provide notice of planned capital projects and their impact on rates. It mandates rate smoothing to avoid excessive or sudden rate changes. The bill also establishes a return on equity ceiling and total rate of return ceiling of seven percent for water system rates, requiring a detailed analysis for any proposed return greater than five percent.

Enhances transparency and consumer protection in water system rates in Washington.

The bill aims to increase transparency and consumer protection in water system rates by requiring municipal water suppliers to provide notice of planned capital projects and their impact on rates. It mandates rate smoothing to avoid excessive or sudden rate changes. The bill also establishes a return on equity ceiling and total rate of return ceiling of seven percent for water system rates, requiring a detailed analysis for any proposed return greater than five percent.