AN ACT TO CLARIFY THE CAP ON THE UTILITIES REGULATORY FEE RESERVE, TO SET THE REGULATORY FEE IN STATUTE, AND TO ALLOW THE COMMISSION TO RAISE OR LOWER THE FEE. Enacted June 30, 2015. Section 2 is effective July 1, 2015. Section 3 is effective July 1, 2016. The remainder is effective June 30, 2015.
NCUC REG. FEE CHANGES.
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View NCGA Bill Details(link is external) | 2015-2016 Session |
AN ACT TO CLARIFY THE CAP ON THE UTILITIES REGULATORY FEE RESERVE, TO SET THE REGULATORY FEE IN STATUTE, AND TO ALLOW THE COMMISSION TO RAISE OR LOWER THE FEE.Intro. by Arp, Collins, Warren.
Bill History:
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Wed, 25 Mar 2015 House: Filed(link is external)
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Thu, 26 Mar 2015 House: Passed 1st Reading(link is external)
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Thu, 26 Mar 2015 House: Ref To Com On Public Utilities(link is external)
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Mon, 30 Mar 2015 House: Serial Referral To Finance Added(link is external)
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Wed, 1 Apr 2015 House: Reptd Fav(link is external)
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Wed, 1 Apr 2015 House: Re-ref Com On Finance(link is external)
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Tue, 14 Apr 2015 House: Reptd Fav(link is external)
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Tue, 14 Apr 2015 House: Cal Pursuant Rule 36(b)(link is external)
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Tue, 14 Apr 2015 House: Added to Calendar(link is external)
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Tue, 14 Apr 2015 House: Passed 2nd Reading(link is external)
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Wed, 15 Apr 2015 House: Passed 3rd Reading(link is external)
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Thu, 16 Apr 2015 House: Regular Message Sent To Senate(link is external)
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Thu, 16 Apr 2015 Senate: Regular Message Received From House(link is external)
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Thu, 16 Apr 2015 Senate: Passed 1st Reading(link is external)
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Thu, 16 Apr 2015 Senate: Ref To Com On Commerce(link is external)
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Thu, 7 May 2015 Senate: Sequential Referral To Finance Added(link is external)
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Tue, 23 Jun 2015 Senate: Withdrawn From Com(link is external)
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Tue, 23 Jun 2015 Senate: Re-ref Com On Finance(link is external)
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Wed, 24 Jun 2015 Senate: Reptd Fav(link is external)
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Thu, 25 Jun 2015 Senate: Passed 2nd Reading(link is external)
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Mon, 29 Jun 2015 Senate: Passed 3rd Reading(link is external)
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Mon, 29 Jun 2015 Senate: Ordered Enrolled(link is external)
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Mon, 29 Jun 2015 Ratified(link is external)
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Mon, 29 Jun 2015 Pres. To Gov. 6/29/2015(link is external)
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Tue, 30 Jun 2015 Signed by Gov. 6/30/2015(link is external)
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Tue, 30 Jun 2015 Ch. SL 2015-134(link is external)
Bill Summaries:
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Bill H 356 (2015-2016)Summary date: Jul 1 2015 - View Summary
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Bill H 356 (2015-2016)Summary date: Mar 26 2015 - View Summary
Amends GS 62-302(a) to clarify that the regulatory fee collected from public utilities is also for use in maintaining a reasonable margin for a reserve fund as well as to pay the expenses of the North Carolina Utilities Commission (Commission) and the Public Staff in regulating public utilities. Prohibits the amount in the reserve from exceeding one-half of the cost of operating the Commission and the Public Staff as reflected in the certified budget for the previous fiscal year.
Repeals subdivisions (4), (5), (6), and (10) of Section 14.19(e1) of SL 2009-451. Section 14.19(e1) provided that beginning in the 2009-10 fiscal year, cash balances in specified utilities fund codes, as of June 30 annually, that were more than 20% of the operating budget for each Fund reverted to the General Fund. The repeal removes utility-related fund codes from that requirement.
Effective July 1, 2015, and applying to jurisdictional revenues earned in each quarter that begins on or after July 1, 2015, amends GS 62-30(b), as amended by this act, adding a new subdivision (2) to set the public utility fee as a percentage of a utility's jurisdictional revenues, unless the fee is adjusted under the provisions of new subdivision (3) after review of the estimated cost by the Commission in the first half of each calendar year. Sets the electric membership corporation regulatory fee at $200,000 for each fiscal year. Provides criteria for fee changes.
Effective July 1, 2016, and applying to jurisdictional revenues earned in each quarter that begins on or after July 1, 2016, amends GS 62-302(b)(2) as amended by this act, to again adjust the public utility fee as a percentage of a utility's jurisdictional revenues, unless the fee is adjusted under subdivision (3) of GS 62-302(b).
Except as otherwise indicated, this act is effective when it bcomes law.
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Bill H 356 (2015-2016)Summary date: Mar 25 2015 - View Summary
To be summarized.