Section 1 Short title
This Act may be cited as the “Stop the Rate Hikes Act”.
Stop the Rate Hikes Act
A BILL
To amend the Public Utility Regulatory Policies Act of 1978 to require States to consider measures that limit the amount of retail utility rate increases a utility company can request to once every 365 days.
Sec. 2 Consideration of measures to cap retail utility rate increases to once a year
Section 111(d) of the Public Utility Regulatory Policies Act of 1978 (16 U.S.C. 2621(d)) is amended by adding at the end the following:
“(22) Cap on retail utility rate increases to once a year—Each electric utility shall request no more than one rate increase once per year.”