SB2977 Amendment Summary

• Modifies the $5,000,000 limitation to clarify that customers located in a municipality are not excluded from billing under subsection (c).

• Adds "or formula rate update" language to rate provisions on pages 3 and 4 to include formula rate updates alongside standard rates.

• Replaces "residential and commercial" references with "of the public utility's retail" to broaden the scope of applicable customer classes.