§ 39-15.1-1 - Purposes.
SECTION 39-15.1-1
§ 39-15.1-1 Purposes. – The purposes of this chapter are to:
(1) Augment current principles for setting the rates ofpublic utilities that are water suppliers that are subject to commission rateregulation in a manner that facilitates:
(i) Managing demand, especially seasonal demand;
(ii) Investing in infrastructure repair and replacement;
(iii) Recovering the full costs, including capital andoperational, of water systems through water system revenues; and
(iv) Establishing operating capital and debt service ofsufficient size; and
(2) Provide an optional system for multi-year water ratesthat are adjustable in accordance with an approved rate plan.