2014 North Carolina General Statutes
Chapter 62 - Public Utilities.
Article 7 - Rates of Public Utilities.
§ 62-133.7A - 7A. Rate adjustment mechanism for natural gas local distribution company rates.
62-133.7A. Rate adjustment mechanism for natural gas local distribution company rates.
In setting rates for a natural gas local distribution company in a general rate case proceeding under G.S. 62-133, the Commission may adopt, implement, modify, or eliminate a rate adjustment mechanism to enable the company to recover the prudently incurred capital investment and associated costs of complying with federal gas pipeline safety requirements, including a return based on the company's then authorized return. The Commission shall adopt, implement, modify, or eliminate a rate adjustment mechanism authorized under this section only upon a finding by the Commission that the mechanism is in the public interest. (2013-54, s. 1.)
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