D.C.’s utility regulator would publish project details from electric and gas companies seeking rate changes and audit each public utility every three years.
Electric and gas companies seeking rate changes would explain the projects involved, including their costs and expected customer benefits. D.C.’s utility regulator would post those details online.
D.C.’s utility regulator would audit each public utility every three years. Audits would start at the end of the fiscal year when the law takes effect.
Electric and gas companies would submit project details with requests to change rates. This covers proposed investments considered in the request, including project and financing costs the companies plan to recover through customer bills. Companies would be responsible for providing evidence to support each project’s related rate change. The Public Service Commission would post the details within seven days of the company’s filing.
The Public Service Commission would review utilities’ finances, service quality, and community effects. The audits would cover each public utility in D.C. The commission would send audit information to the Council and D.C.’s Department of Energy and Environment. The law would take effect after mayoral approval or a Council veto override and a 30-day congressional review.
No hearings or votes scheduled.