A bill to prohibit fuel adjustment clauses in electric utility rate schedules.

[AI summary unavailable — showing source text] Directs that all utility rate schedules which provide for the sale of electric power shall do so at price levels which have been subject to and ordered into effect after prior public notice and full hearing. Prohibits the sale of electric energy except in accordance with rate schedules fixed, approved or allowed to go into effect by a regulatory authority. Prohibits such regulatory authority from instituting a rate schedule without prior public notice and full hearing. Sets procedures for the adjudication of alleged violations of this Act.…