A BILL TO BE ENTITLED
AN ACT providing that the utilities commission may adopt, implement, modify, or eliminate a rate adjustment mechanism for water or wastewater public utilities to track and true‑up variations in average per customer usage from levels approved in the general rate case proceeding.
The General Assembly of North Carolina enacts:
SECTION 1.  Article 7 of Chapter 62 of the General Statutes is amended by adding a new section to read as follows:
"§ 62‑133.12A.  Customer usage tracking rate adjustment mechanisms for water and wastewater rates.
In setting rates for a water and wastewater utility in a general rate proceeding under G.S. 62‑133, the Commission may adopt, implement, modify, or eliminate a rate adjustment mechanism for one or more of the company's rate schedules to track and true‑up variations in average per customer usage from levels approved in the general rate case proceeding. The Commission may adopt a rate adjustment mechanism only upon a finding by the Commission that the mechanism is appropriate to track and true‑up variations in average per customer usage by rate schedule from levels adopted in the general rate case proceeding and the mechanism is in the public interest."
SECTION 2.  This act is effective when it becomes law.