2018 -- H 7548

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LC003642

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2018

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A N   A C T

RELATING TO PUBLIC UTILITIES AND CARRIERS - PUBLIC UTILITIES COMMISSION

     Introduced By: Representatives Marshall, Edwards, O'Brien, Johnston, and Morin

     Date Introduced: February 09, 2018

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 39-1 of the General Laws entitled "Public Utilities Commission" is

hereby amended by adding thereto the following section:

     39-1-63.1. Rate increase reassessment.

     Notwithstanding the provision of any statute, law, ordinance, rule, or regulation to the

contrary, any increase in rate authorized by the commission pursuant to this chapter on or after

January 1, 2017 shall be subject to a rate increase reassessment. The rate increase reassessment

provided pursuant to this section shall be issued to reduce any consumer rate increase authorized

by the commission during the specified time period and which rate increase now, as a result of

subsequent tax code amendments issued by the federal government, which enable additional

unauthorized profits to any public utility.

     SECTION 2. This act shall take effect upon passage.

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LC003642

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO PUBLIC UTILITIES AND CARRIERS - PUBLIC UTILITIES COMMISSION

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     This act would reassess any utility rate increase after January 1, 2017, and evaluate

whether the increase in rate results in excessive profits to the utility company.

     This act would take effect upon passage.

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LC003642

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