An Act relating to a simplified rate filing procedure for public utilities.

HB 385 allows public utilities in Alaska, such as electric cooperatives and telephone companies, to use a simplified process for adjusting their rates over a set period. Under this new procedure, a utility can apply to the state commission for permission to change rates without going through the full standard filing process, provided they meet specific regulatory requirements. The commission must approve the application if the utility follows the rules and retains the authority to review the process periodically or revoke permission if errors occur.