Bill Summary for S 429 (2019-2020)
Mar 28 2019
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AN ACT TO ENACT THE 2019 DISASTER RECOVERY ACT CONSISTENT WITH THE PROVISIONS OF HOUSE BILL 966 OF THE 2019 REGULAR SESSION AND TO APPROPRIATE FUNDS.Intro. by Newton.
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Enacts GS 62-133.12A, authorizing the Utilities Commission (Commission) to adopt, implement, modify, or eliminate a rate adjustment mechanism for one or more of the water and wastewater company's rate schedules to track and true-up variations in average per customer usage from levels approved in the general rate case proceeding under GS 62-133. Allows the Commission to adopt a rate adjustment mechanism only upon finding the mechanism is appropriate as specified and is in the public interest.