House amendment to the 1st edition makes the following changes.

Adds the following to proposed GS 62-133.1B, which authorizes the Utilities Commission (Commission) to approve a water or sewer facility's Water and Sewer Investment Plan (Plan) upon application by the facility in a general rate proceeding if the Commission finds the plan results in rates that are just and reasonable and are in the public interest. Requires the Commission to report, by July 1, 2026, to the specified NCGA commission on the impacts of each Water and Sewer Investment Plan approved by the Commission under the statute for a water or sewer utility. Requires the report to include at least a Plan's impact on rates for customers of the applicable utility, number of customers disconnected for nonpayment in the four years prior to Commission approval of a Plan for the applicable utility, the number of utility customers disconnected for nonpayment after approval and implementation of the Plan to the date the report is submitted, and the amount of utility earnings under an approved plan. Requires the Commission to consult with the Department of Environmental Quality, and report on impacts to drinking water  quality of utility customers or to surface or groundwater resources from Plans implemented by water and sewer utilities. Makes a clarifying change in GS 62-133.12 (g).