Bill Summary for H 1114 (2011-2012)

Printer-friendly: Click to view
Bill: NCEMPA/USE OF RATE REVENUE.

Summary date: 

May 23 2012
S.L. 2012-181

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 1114 (Public) Filed Wednesday, May 23, 2012
PROVIDING THAT THE CITIES AND TOWNS THAT ARE MEMBERS OF THE NORTH CAROLINA EASTERN MUNICIPAL POWER AGENCY SHALL USE REVENUE DERIVED FROM RATES FOR ELECTRIC SERVICE FOR PAYING THE DIRECT AND INDIRECT COSTS OF OPERATING THE ELECTRIC SYSTEM, TRANSFERRING AMOUNTS THAT REPRESENT A RATE OF RETURN ON THE INVESTMENT IN THE ELECTRIC SYSTEM, AND MAKING DEBT SERVICE PAYMENTS.
Intro. by Brawley.

View: All Summaries for BillTracking:

Bill summary

       Identical to S 867, filed 5/22/12.

As title indicates. Effective July 1, 2013.