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Lawmakers pass utility oversight bills after fuel-adjustment charge hike raises concerns
Summary
Lawmakers passed HB 24-87 and HB 24-88 to strengthen oversight of the Commonwealth Utilities Corporation after a CPUC order led to a fuel-adjustment charge increase; legislators called for transparency, independent audits and anti-price-gouging enforcement.
The House approved two bills aimed at increasing oversight of the Commonwealth Utilities Corporation (CUC) following a recent rise in the fuel-adjustment charge (FAC). House Bill 24-87 (independent valuation, procurement modernization and ratepayer protections) and House Bill 24-88 (comprehensive third-party audit, enforceable corrective action plan and public implementation dashboard) were reported favorably by joint standing committees and passed on the floor, with recorded roll calls showing all present voting yes.
Repres…
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