Bill Summary for S 867 (2011-2012)

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Bill: NCEMPA/USE OF RATE REVENUE.

Summary date: 

May 22 2012

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 867 (Public) Filed Tuesday, May 22, 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 Newton.

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Bill summary

As title indicates. Effective July 1, 2013.