NATURAL GAS/RATE ADJUSTMENT MECHANISM.

View NCGA Bill Details2013-2014 Session
Senate Bill 397 (Public) Filed Thursday, March 21, 2013
A BILL TO BE ENTITLED AN ACT AUTHORIZING THE UTILITIES COMMISSION TO ADOPT, IMPLEMENT, MODIFY, OR ELIMINATE A RATE ADJUSTMENT MECHANISM FOR NATURAL GAS LOCAL DISTRIBUTION COMPANY RATES.
Intro. by Newton.

Status: Ref To Com On Commerce (Senate Action) (Mar 25 2013)

Bill History:

S 397

Bill Summaries:

  • Summary date: Mar 21 2013 - More information

    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.


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