Lawmakers pass utility oversight bills after fuel-adjustment charge hike raises concerns Lawmakers passed HB 24-87 and HB 24-88 to strengthen oversight of the Commonwealth Utilities Corporation after a CPUC order led to a fuel-adjustment charge increase; legislators called for transparency, independent audits and anti-price-gouging enforcement.

Lawmakers are taking action to protect consumers as utility bills rise, passing crucial oversight bills to demand transparency and accountability from the Commonwealth Utilities Corporation.

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Officials say CUC receivable to retirement fund unlikely to be collectible soon During the joint committee hearing, finance officials confirmed outstanding receivables from component units, including a CUC balance owed to the retirement settlement fund, and said collection prospects are limited while those entities struggle financially.

The financial health of the Commonwealth Utilities Corporation raises serious concerns about the $3.4 million owed to the retirement fund, as officials warn that collection prospects are grim.

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