Section 1. Short title
This Act may be cited as the Stop the Rate Hikes Act.
Section 2. Consideration of measures to cap retail utility rate increases to once a year
Section 111(d) of the Public Utility Regulatory Policies Act of 1978 (16 U.S.C. 2621(d)) is amended by adding at the end the following:
(22) Cap on retail utility rate increases to once a year
Each electric utility shall request no more than one rate increase once per year.