A bill to provide interim cost relief for customers of regulated public utilities.

Provides for reimbursement of 85 percent of the cost of imported residual fuel oil exceeding the average price of domestically produced residual fuel oil to public utilities or $10 per barrel, whichever is lower. Provides a $10,000 a day fine and liability for all reimbursements previously paid to a utility that passes on to its customers the costs of imported residual fuel oil, if such costs represent more than 15 percent of any amount expended for such residual fuel oil exceeding the average price of domestically produced residual fuel oil.