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'Lower Your Energy Prices Act' would trigger performance-based rates if bills spike, sponsor says
Summary
Sen. Rebecca Perkins Quilker introduced SB 597 to direct utilities toward performance‑based rate‑making if rates exceed an inflation‑adjusted threshold, aiming to stabilize bills and spur grid modernization. Sponsors framed the change as a trigger, not a mandatory overhaul; stakeholders asked for coordination with a pending PUC docket.
Senator Rebecca Perkins Quilker introduced Senate Bill 597, titled the ‘‘Lower Your Energy Prices Act,’’ and offered an amendment after discussions with the Public Utilities Commission and Eversource. The bill would require utilities that cause rates to exceed a specified threshold (the sponsor suggested roughly 4% above the previous year adjusted…
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