Authorizes and directs the public service commission to establish rules to limit a utility's ability to recover its direct or indirect costs associated with its attendance in, participation in, preparation for, or appeal of any rate proceeding conducted before the commission.
Relates to prohibiting the public service commission from approving a rate increase which allows a utility to recover its direct or indirect costs in excess of one hundred thousand dollars associated with its attendance in, participation in, preparation for, or appeal of any rate proceeding conducted before the commission, or compensation for management employees in excess of the current salary of the governor of the state unless proof of necessity is provided.