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The POWER Act requires retail electric utilities to notify consumers at least 30 days before implementing rate increases, with detailed information about the increase percentage, justifications, and consumer impact. For rate increases of 5 percent or more, utilities must also notify the Department of Energy at least 60 days in advance, and DOE must review the justification and publish findings within 30 days, including recommendations for mitigation or efficiency improvements. Utilities that fail to comply with notification requirements face civil penalties up to $10,000 and cannot implement the rate increase until notification requirements are met.
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