This bill would limit how often electric companies can ask to raise your rates. It sets a simple rule: an electric utility can request a rate increase no more than once every 365 days. This aims to slow frequent price hikes and give families and businesses more predictability on their power bills.

Key points:

• Who is affected: Electric utilities and their customers, through state utility regulators.
• What changes: Utilities could only request a retail rate increase once per year (every 365 days).
• Why it matters: Fewer rate-hike requests could mean steadier, more predictable electric bills for households and small businesses.