H.R. 10804
Utility Accountability Act
Summary:
• The "Utility Accountability Act" requires State regulatory authorities to annually certify to the Secretary of Energy whether investor-owned electric utilities under their ratemaking authority meet State performance standards (including electric reliability and safety standards)
• If a utility fails to meet State performance standards, the Secretary shall order the State regulatory authority to direct that utility to provide residential customers annual bill credits starting at $100 and increasing by $100 each year until standards are met, with costs charged to investors rather than customers
• If a State regulatory authority fails to comply with the Secretary's order, the Secretary may withhold assistance including grants, loans, loan guarantees, and technical assistance until compliance is achieved
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• If a utility fails to meet State performance standards, the Secretary shall order the State regulatory authority to direct that utility to provide residential customers annual bill credits starting at $100 and increasing by $100 each year until standards are met, with costs charged to investors rather than customers
• If a State regulatory authority fails to comply with the Secretary's order, the Secretary may withhold assistance including grants, loans, loan guarantees, and technical assistance until compliance is achieved
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