S211 - Amend Water/Sewer Rate Adjustment Mechanisms. (SL 2021-149)
Session Year 2021
Overview: S.L. 2021-149 does the following:
- Authorizes the State's Utilities Commission (Commission) to approve a "Water and Sewer Investment Plan" (Plan) for water or sewer utilities. Under a Plan, the Commission can:
- Set water or sewer base rates, to include authorization of annual rate changes for a three-year period based on reasonably known and measurable capital investments and anticipated reasonable and prudent expenses approved under the plan without the need for a base rate proceeding during the plan period.
- Set revenue requirements through banding of authorized returns.
Additional Information: