AN ACT TO PROVIDE RECOVERY OF CAPITAL RELATED COSTS INCURRED BY A NATURAL GAS UTILITY FOR CONSTRUCTING NATURAL GAS INFRASTRUCTURE FOR A LARGE MANUFACTURING EMPLOYER, AND TO AMEND THE LAWS RELATED TO ENERGY POLICY.
House committee substitute makes the following changes to the 2nd edition.
Amends proposed GS 62-133.13(e) concerning rate adjustment mechanisms, providing that any rate adjustment surcharge mechanism adopted under the statute terminates upon the earlier of the full recovery of the allowed costs as specified or with the natural gas local distribution company's next general rate case, in which the eligible infrastructure development costs must be included in the company's rate base (previously, only could terminate with the next general rate case as specified). Adds language to subsection (f), the limitations provision, providing that the aggregate amount of eligible infrastructure development costs recovered under rate adjustment surcharge mechanisms for natural gas local distribution companies in North Carolina cannot exceed $75 million.
Makes clarifying changes.
© 2021 School of Government The University of North Carolina at Chapel Hill
This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.