Requires consideration of evidence relating to the economic impact of major increases of rates or charges upon consumers and the areas affected by such increases of rates or charges prior to approval of any such rates or charges; establishes minimum data to be considered by the public service commission relating to such economic impact.

This bill requires that before the Public Service Commission approves any significant increases in rates or charges, they must consider how these changes will economically affect consumers and the communities involved. It also sets a standard for the types of data that must be reviewed regarding this economic impact.

Supporters of this bill argue that it prioritizes consumer protection by ensuring that rate increases are carefully evaluated for their economic consequences. They believe this will lead to more informed decision-making and help prevent undue financial burdens on families and local economies.

Critics of the bill may contend that it could slow down the approval process for necessary rate increases, potentially hindering utility companies from making essential investments. They might argue that the additional data requirements could create unnecessary bureaucratic hurdles that delay important infrastructure improvements.