62-130. Commission to make rates for public utilities. (a) The Commission shall make, fix, establish or allow just and reasonable rates for all public utilities subject to its jurisdiction. A rate is made, fixed, established or allowed when it becomes effective pursuant to the provisions of this Chapter. (b) Repealed by Session Laws 1985, c. […]
62-131. Rates must be just and reasonable; service efficient. (a) Every rate made, demanded or received by any public utility, or by any two or more public utilities jointly, shall be just and reasonable. (b) Every public utility shall furnish adequate, efficient and reasonable service. (1933, c. 307, ss. 2, 3; 1963, c. 1165, s. […]
62-132. Rates established under this Chapter deemed just and reasonable; remedy for collection of unjust or unreasonable rates. The rates established under this Chapter by the Commission shall be deemed just and reasonable, and any rate charged by any public utility different from those so established shall be deemed unjust and unreasonable. Provided, however, that […]
62-133. How rates fixed. (a) In fixing the rates for any public utility subject to the provisions of this Chapter, other than bus companies, motor carriers and certain water and sewer utilities, the Commission shall fix such rates as shall be fair both to the public utilities and to the consumer. (b) In fixing such […]
62-133.1. Small water and sewer utility rates. (a) In fixing the rates for any water or sewer utility, the Commission may fix such rates on the ratio of the operating expenses to the operating revenues, such ratio to be determined by the Commission, unless the utility requests that such rates be fixed under G.S. 62-133(b) […]
62-133.11. Rate adjustment for changes in costs based on third-party rates. (a) The Commission shall permit a water or sewer public utility to adjust its rates approved pursuant to G.S. 62-133 to reflect changes in costs based solely upon changes in the rates imposed by third-party suppliers of purchased water or sewer service, including applicable […]
62-133.12. Rate adjustment mechanism based on investment in repair, improvement, and replacement of water and sewer facilities. (a) The Commission may approve a rate adjustment mechanism in a general rate proceeding pursuant to G.S. 62-133 to allow a water or sewer public utility to recover through a system improvement charge the incremental depreciation expense and […]
62-133.12A. Customer usage tracking rate adjustment mechanisms for water and wastewater rates. In setting rates for a water and wastewater utility in a general rate proceeding under G.S. 62-133, the Commission may adopt, implement, modify, or eliminate a rate adjustment mechanism for one or more of the company’s rate schedules to track and true-up variations […]
62-133.12B. Computation of income tax expense for ratemaking purposes; taxable contributions. A water or wastewater public utility is solely responsible for funding the income taxes on taxable contributions in aid of construction and customer advances for construction and shall record the income taxes the water or wastewater utility pays in accumulated deferred income taxes for […]
62-133.13. Recovery of costs related to unlawful discharges from coal combustion residuals surface impoundments to the surface waters of the State. The Commission shall not allow an electric public utility to recover from the retail electric customers of the State costs resulting from an unlawful discharge to the surface waters of the State from a […]
62-133.14. Cost recovery for acquisition of joint municipal power agency ownership interest in generating facilities. (a) The Commission shall, upon the petition of an electric public utility and after hearing, approve an annual rider to the electric public utility’s rates to recover the North Carolina retail portion of all reasonable and prudent costs incurred to […]
62-133.15. (Expires July 1, 2026 – see note) Cost recovery for natural gas economic development infrastructure. (a) Purpose. – The purpose of this section is to prescribe a methodology for cost recovery by a natural gas local distribution company that constructs natural gas economic development infrastructure to serve a project the Department of Commerce determines […]
62-133.16. Performance-based regulation authorized. (a) Definitions. – For purposes of this section, the following definitions apply: (1) "Cost causation principle" means establishment of a causal link between a specific customer class, how that class uses the electric system, and costs incurred by the electric public utility for the provision of electric service. (2) "Decoupling rate-making […]
62-133.1A. Fair value determination of government-owned water and wastewater systems. (a) Election. – A water or wastewater public utility, as defined by G.S. 62-3(23)a.2., may elect to establish rate base by using the fair value of the utility property instead of original cost when acquiring an existing water or wastewater system owned by a municipality […]
62-133.1B. Water and Sewer Investment Plan ratemaking mechanism authorized. (a) Notwithstanding the methods for fixing water and sewer rates under G.S. 62-133 or G.S. 62-133.1, upon application by a water or sewer utility in a general rate proceeding, the Commission may approve a Water and Sewer Investment Plan. A Water and Sewer Investment Plan, as […]
62-133.2. Fuel and fuel-related charge adjustments for electric utilities. (a) The Commission shall permit an electric public utility that generates electric power by fossil fuel or nuclear fuel to charge an increment or decrement as a rider to its rates for changes in the cost of fuel and fuel-related costs used in providing its North […]
62-133.20. Cleanfields renewable energy demonstration parks. (a) Criteria for Designation. – A parcel or tract of land, or any combination of contiguous parcels or tracts of land, that meet all of the following criteria may be designated as a cleanfields renewable energy demonstration park: (1) The park consists of at least 250 acres of contiguous […]
62-133.4. Gas cost adjustment for natural gas local distribution companies. (a) Rate changes for natural gas local distribution companies occasioned by changes in the cost of natural gas supply and transportation may be determined under this section rather than under G.S. 62-133(b), (c), or (d). (b) From time to time, as changes in the cost […]
62-133.5. Alternative regulation, tariffing, and deregulation of telecommunications utilities. (a) Any local exchange company, subject to the provisions of G.S. 62-110(f1), that is subject to rate of return regulation pursuant to G.S. 62-133 or a form of alternative regulation authorized by subsection (b) of this section may elect to have the rates, terms, and conditions […]
62-133.6. Environmental compliance costs recovery. (a) As used in this section: (1) "Coal-fired generating unit" means a coal-fired generating unit, as defined by 40 Code of Federal Regulations 96.2 (July 1, 2001 Edition), that is located in this State and has the capacity to generate 25 or more megawatts of electricity. (2) "Environmental compliance costs" […]
