HR 16016 · 93th Congress · Foreign Trade and International Finance
A bill to provide interim cost relief for customers of regulated public utilities.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Interstate and Foreign Commerce.(1974-07-18)
Plain Language Summary
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Provides for reimbursement of 80 percent of the cost of imported residual fuel oil exceeding the average price of domestically produced residual fuel oil to public utilities. Provides a $10,000 fine and liability for all reimbursements previously paid to a utility that passes on to its customers the costs of imported residual fuel oil, if such costs represent more than twenty percent of any amount expended for such residual fuel oil exceeding the average price of domestically produced residual fuel oil.…
Summarized by Claude AI · Non-partisan · For informational purposes only