A public utility may file annual rate adjustments to be applied to customer bills paid under the tariff approved pursuant to § 49-34A-25.2. In the utility’s filing, the public utility shall provide:

(1) A description of and context for the facilities included for recovery;

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(2) A schedule for implementation of applicable projects;

(3) The public utility’s costs for these projects;

(4) A description of the public utility’s efforts to ensure the lowest reasonable costs to ratepayers for the project; and

(5) Calculations to establish that the rate adjustment is consistent with the terms of the tariff established in § 49-34A-25.2.

Source: SL 2006, ch 239, § 3.