CT SB00807

Public Utilities Regulatory Authority must authorize water company rates that promote both supply-side and demand-side conservation, considering demand projections, metering, multiyear rate plans, system water loss reduction, and alternative rate designs.

Water companies can implement a Water Infrastructure and Conservation Adjustment (WICA) to recover costs of eligible infrastructure projects, capped at ten percent of annual retail water revenues between rate cases and five percent per twelve-month period, with annual reconciliation reports required.

Revenue adjustment mechanisms allow water companies with actual revenues at least one percent below allowed revenues to recover the difference through rate surcharges or deferrals, with concurrent earnings-sharing provisions requiring excess earnings above allowed return be split equally between ratepayers and shareholders.

Acquiring water companies may recover reasonable acquisition premiums and needed system improvements through rate surcharges or deferrals when acquiring non-viable water systems, subject to Public Utilities Regulatory Authority approval.

Water companies and municipal water utilities may petition Superior Court to appoint a receiver to collect rent from tenants when property owners default on water bills, with funds prioritized for current service, receiver fees, legal costs, and then arrearages.