Maine Revised Statutes Title 35-A Sec. 6102-A – Rate-adjustment mechanism for water utilities
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1. Rate-adjustment mechanism. Notwithstanding any provision of law to the contrary, the commission may establish or authorize a reasonable rate-adjustment mechanism to decouple water utility revenues from water utility sales through revenue reconciliation when changes in sales are due to a change in the number of customers or a change in the volume of consumption. In determining the reasonableness of any such rate-adjustment mechanism, the commission shall apply the standards of section 301 and shall consider the transfer of risks associated with any such changes in sales and, to the extent these risks are transferred between the utility and its customers, the commission shall consider the effect of the transfer of risk in determining a utility’s allowed rate of return.
[PL 2015, c. 115, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 35-A Sec. 6102-A
- Commission: means the Public Utilities Commission. See Maine Revised Statutes Title 35-A Sec. 102
- Water utility: includes every person, its lessees, trustees, receivers or trustees appointed by any court, owning, controlling, operating or managing any water works for compensation within this State, including any aqueduct organized under former Title 35, chapter 261 and any of its predecessors. See Maine Revised Statutes Title 35-A Sec. 102
2. Report. The commission, as part of its annual report pursuant to section 120, shall list rate adjustments that have been requested and those that have been granted.
[PL 2015, c. 115, §1 (NEW).]
SECTION HISTORY
PL 2015, c. 115, §1 (NEW).