HOUSE DOCKET, NO. 1499 FILED ON: 1/16/2019
HOUSE . . . . . . . . . . . . . . . No. 2807
|
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Jennifer E. Benson
_________________
To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act to protect ratepayers.
_______________
PETITION OF:
Name: | District/Address: | Date Added: |
Jennifer E. Benson | 37th Middlesex | 1/16/2019 |
Kenneth I. Gordon | 21st Middlesex | 1/22/2019 |
Bud L. Williams | 11th Hampden | 1/23/2019 |
Brian W. Murray | 10th Worcester | 1/23/2019 |
José F. Tosado | 9th Hampden | 1/23/2019 |
Ruth B. Balser | 12th Middlesex | 1/24/2019 |
Danielle W. Gregoire | 4th Middlesex | 1/24/2019 |
Thomas M. Stanley | 9th Middlesex | 1/24/2019 |
Stephan Hay | 3rd Worcester | 1/24/2019 |
Dylan A. Fernandes | Barnstable, Dukes and Nantucket | 1/25/2019 |
Mike Connolly | 26th Middlesex | 1/25/2019 |
David M. Rogers | 24th Middlesex | 1/28/2019 |
James B. Eldridge | Middlesex and Worcester | 1/29/2019 |
Paul F. Tucker | 7th Essex | 1/29/2019 |
Christina A. Minicucci | 14th Essex | 1/29/2019 |
Denise C. Garlick | 13th Norfolk | 1/30/2019 |
Natalie M. Higgins | 4th Worcester | 1/30/2019 |
Harold P. Naughton, Jr. | 12th Worcester | 2/1/2019 |
Mindy Domb | 3rd Hampshire | 2/1/2019 |
Jonathan Hecht | 29th Middlesex | 2/1/2019 |
Denise Provost | 27th Middlesex | 2/1/2019 |
Carmine Lawrence Gentile | 13th Middlesex | 2/1/2019 |
Maria Duaime Robinson | 6th Middlesex | 2/1/2019 |
Marc R. Pacheco | First Plymouth and Bristol | 2/1/2019 |
Jack Patrick Lewis | 7th Middlesex | 2/1/2019 |
Carlos González | 10th Hampden | 2/1/2019 |
Michelle L. Ciccolo | 15th Middlesex | 2/1/2019 |
HOUSE DOCKET, NO. 1499 FILED ON: 1/16/2019
HOUSE . . . . . . . . . . . . . . . No. 2807
By Ms. Benson of Lunenburg, a petition (accompanied by bill, House, No. 2807) of Jennifer E. Benson and others relative to base rate proceeding conducted by the Department of Public Utilities. Telecommunications, Utilities and Energy. |
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-First General Court
(2019-2020)
_______________
An Act to protect ratepayers.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Chapter 164 of the General Laws is hereby amended by inserting after section 94I the following sections:-
Section 94J. (a) In any base rate proceeding conducted by the department under section 94 for electric companies or gas companies, the department may not approve an allowed return on equity higher than the average allowed return on equity approved in neighboring states over the preceding four years. Such requirement may be waived only upon a specific showing that the constitutional rights of the electric or gas company would otherwise be violated.
(b) The determination of allowed return on equity under this section shall not include compensation related to programs under section 21 of chapter 25 or any performance incentives designed to promote the efficient, clean, and reliable operation of the electric or gas system.
Section 94K. In any base rate proceeding conducted by the department under section 94 for electric companies or gas companies, the department may not approve a performance-based ratemaking mechanism with a negative productivity factor, negative productivity offset, or negative X factor, or any other mechanism that automatically results in annual revenue increases at a rate higher than inflation.
SECTION 2. Section 94K of Chapter 164 of the General Laws, as inserted by this act, shall apply to any performance based ratemaking mechanism, including a performance based ratemaking mechanism, approved prior to December 31, 2019. For any performance based ratemaking mechanism approved prior to the effective date of this section, the department shall exclude the negative productivity factor from any future filings for an annual performance based ratemaking adjustment.