Stop the Rate Hikes Act

HR 5141, the "Stop the Rate Hikes Act," limits electric utilities to requesting a single rate increase per year. This bill directly affects electric utilities by restricting how often they can seek higher rates from customers. The key provision amends the Public Utility Regulatory Policies Act of 1978 to require that each utility submit no more than one rate increase request annually. The policy change aims to reduce frequent rate adjustments for consumers, applying specifically to retail utility rates.