332.
(a) On the date that the act adding this section takes effect, the rate increase approved by the commission on March 27, 2001, in Decision 01-03-081, and the rate structure approved by the commission on May 15, 2001, in Decision 01-05-064, shall no longer be in effect, and, except as provided in subdivision (b), on and after the date described in this subdivision, an electrical corporation’s retail rate shall be the rate that was in effect on March 26, 2001.(b) Notwithstanding any other provision of law, the commission shall no longer have the authority to increase electric rates more than a total of 7 percent in a calendar year. The commission may recommend a rate increase that would exceed that total to the Legislature for its approval in a bill.