This bill, titled the "Lowering Utility Bills Act," aims to reduce consumer energy costs by amending the Federal Power Act and the Public Utility Regulatory Policies Act of 1978. It primarily focuses on regulating the return on equity (RoE) for investor-owned electric and gas utilities and transmission providers, alongside restricting the types of costs they can recover from ratepayers. For transmission providers, the bill mandates the Federal Energy Regulatory Commission (FERC) to establish a "range of reasonableness" for their authorized RoE. This range is derived from averaging 10-year total or large-cap United States equity market return estimates from financial academics, institutions, and Global Systemically Important Banks over the previous five years. FERC must then adjust this range downwards to account for the provider's reduced risks, such as not participating in regional planning or benefiting from federal loans or regulatory assets, ultimately setting the authorized RoE at the lowest point within this adjusted range. A higher RoE for transmission providers is only permissible if clear and convincing evidence demonstrates its necessity to attract capital and maintain financial integrity. Similarly, investor-owned electric and gas utilities are required to calculate their RoE using a comparable market-based methodology. Their RoE range must also be adjusted downwards by 5 basis points for each factor that reduces the utility's risk , including operating as a regulated monopoly or utilizing formula rates, with utilities then mandated to use the lowest RoE from this adjusted range for all official business and rate applications. Both transmission providers and investor-owned utilities are subject to a comprehensive "Corrupt Rate Recovery Ban." This prohibits them from recovering a wide array of costs through customer rates, including expenses related to lobbying, political contributions, unapproved advertising, investor relations, and certain executive travel or entertainment . Additionally, the bill mandates that FERC consider capital expenditures for transmission projects prudent only if the provider prioritized grid-enhancing technologies and lower-cost alternatives in its planning process.