Relates to consideration of capital expenditures in rate proceedings

Expanded the requirement to describe capital expenditures from all rate proceedings to only those involving major changes in rates

Added requirement that project descriptions must be posted on the Public Service Commission's website

Added specific list of required project details including purpose, cost, expected period of usefulness, location, rationale for inclusion, and anticipated benefits

Added explicit statement that the utility bears the burden of proof to show rate changes are just and reasonable

Added provision that the act does not apply to rate change matters initiated before the effective date