Electric Utility Rate Reform and Regulatory Improvement Act

[AI summary unavailable — showing source text] Electric Utility Rate Reform and Regulatory Improvement Act - Title I: General Provisions - Declares it the purpose of this Act to reform inequities in the structure of electric utility rates. Defines terms used in the Act. Title II: Utility Rate Reform - Defines terms as used in this title. Limits applicability of this title to sales of electric energy for purposes other than resale by an electric utility, where sales by such utility for purposes other than resale exceed 200 million kilowatt-hours during the second preceding calendar year. Imposes national minimum standards on utility rate structures, to be enforced by State regulatory authorities. Prohibits rate structures which allow lower rates for increased consumption without a showing that such lower rates actually reflect decreased costs. Authorizes State regulatory agencies to eliminate price differentials for residential users of subsistence quantities of electricity, unless the Governor of the State has determined that an adequate alternative means to alleviate the burden to low-income residential consumers has been implemented. Stipulates that promotional and advertising costs, with exceptions, may not be treated by a u…