A BILL TO BE ENTITLED AN ACT TO PERMIT WATER UTILITIES TO ADJUST RATES FOR CHANGES IN COSTS BASED ON THIRD-PARTY RATES AND TO AUTHORIZE THE UTILITIES COMMISSION TO APPROVE A RATE ADJUSTMENT MECHANISM FOR WATER AND SEWER UTILITIES TO RECOVER COSTS FOR WATER AND SEWER SYSTEM IMPROVEMENTS.
House committee substitute makes the following changes to the 1st edition.
Makes technical changes.
Amends GS 62-133.13, defining eligible sewer system improvements to mean: (1) collection main extensions installed to implement solutions to wastewater problems, (2) improvements necessary to reduce inflow and infiltration to the collection system to comply with applicable laws and regulations, (3) unreimbursed costs of relocating facilities due to highway construction or relocation projects, and (4) mechanical equipment installed as in-kind replacements for customers.
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