Section 1. Short title
This Act may be cited as the Home Energy Affordability 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
A State regulated electric utility may only file a request to increase a rate with the State regulatory authority once every 365 days.