Senate Bill No. 364, introduced by Senator Barrow, amends existing regulations governing the Louisiana Public Service Commission (LPSC) to enhance its authority in overseeing public utility rates. The bill specifically modifies R.S. 45:302(A) and 1163(A)(1) and (C) to replace the term "the" with "fair and equitable" in relation to the rates charged by public utilities. This change emphasizes the commission's responsibility to ensure that the rates set for the transportation or sale of natural gas and other utility services are fair and equitable.

Additionally, the bill mandates that the LPSC audit the adjustment clause filings of public electric utilities at least every two years to ensure that costs passed on to consumers are fair and equitable. This includes the commission's authority to review and modify fuel adjustment charges as necessary. The proposed changes aim to strengthen consumer protections and ensure that utility rates are just and reasonable, with the new provisions set to take effect on August 1, 2026.

Statutes affected:
SB364 Original: 45:302(A), 45:1163(A)(1)