- Introduced -

SB 125 - This act allows water corporations to file a petition with the Public Service Commission to recover costs associated with certain infrastructure system replacements once per year. The PSC may not approve a charge if it would produce total revenues exceeding 10% of the water corporation's base revenue level or if the water corporation has not had a general rate proceeding in the last three years. Petition filing requirements are specified in the act. The water corporation is required to reconcile the revenues generated with the underlying costs of the infrastructure replacements. The PSC is given authority to promulgate rules for the implementation of these provisions.

CINDY KADLEC