Amends GS 62-110 to authorize the Public Utilities Commission to adopt procedures consist with the act’s title. The lessor must apportion the electric bill for each unit equally among the tenants in that unit, prorating that apportionment when one tenant has lived in the unit for less time than the other tenants during that billing cycle. Each bill may include an administrative fee up to the amount permitted by the Commission for water service and a late fee in an amount permitted by the Commission. Lessors must maintain and make available to tenants records concerning the allocation of electric bills for at least 36 months. Requires certain information to be included on the individual tenant electric bills, including the electric bill for the entire unit, the amount of that bill allocated to the tenant, the billing period, the past-due date, contact information for the bill, and notice of the tenant’s right to file a complaint with the Commission regarding the bill. Authorizes the commission to develop an application form for lessors wishing to utilize the new billing procedure. Makes corresponding change to GS 143-151.42. Effective October 1, 2011 and applies to leases entered into on or after that date.