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CT HB06984
Bill
Status
Passed
7/2/2015
Primary Sponsor
Energy and Technology Committee
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AI Summary
- Modifies the duration and renewal process for revenue adjustment mechanisms for water companies, effective October 1, 2015
- Changes authorization period from "the earlier of" to "the later of" the sixth year after the last general rate case or initial establishment of the mechanism
- Adds a new trigger for mechanism termination when a prior rate case is reopened and rate levels are reset, WICA surcharges are rolled into base rates, or other authorized rate changes occur
- Allows water companies to request continuation of the revenue adjustment mechanism for up to three additional years if they file with the authority at least 90 days before the mechanism is due to expire, with authority action required within 90 days
- Requires annual reconciliation filings showing actual versus allowed revenues, including reports on changes in water demand and water conservation measures
Legislative Description
An Act Concerning Revenue Adjustment Charges For Water Companies.
Last Action
Signed by the Governor
7/2/2015
Committee Referrals
Energy and Technology3/6/2015
Full Bill Text
No bill text available