Bill Summaries: S397 (2013-2014 Session)

  • Summary date: Mar 21 2013 - View summary

    Identical to H 119, filed 2/19/13.

    Amends Article 7 of GS Chapter 62 by enacting new GS 62-133.7A, allowing the Utilities Commission (Commission) to adopt, use, adjust, or eliminate the rate mechanism utilized for natural gas local distribution companies so that such companies can recover the expenses of complying with federal gas pipeline safety standards. Such adjustment is only allowed when the Commission finds it to be in the public's interest.