NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 1092

SENATE BILL 577

 

 

AN ACT TO AMEND G.S. 62-133 TO PERMIT THE NORTH CAROLINA UTILITIES COMMISSION TO APPROVE PURCHASED GAS ADJUSTMENT CLAUSES FOR NATURAL GAS UTILITIES.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 62-133 is hereby amended by adding a new subsection (f) as follows:

"(f)       Unless otherwise ordered by the Commission Subsections (b), (c), and (d) shall not apply to rate changes of utilities engaged in the distribution of natural gas bought at wholesale by the utility for distribution to consumers to the extent such rate changes are occasioned by changes in the wholesale rate of such natural gas. The Commission may permit such rate changes to become effective simultaneously with the effective date of the change in the wholesale cost of such natural gas, or at such other time as the Commission may direct. This subsection shall not prohibit the Commission from investigating and changing unreasonable rates in accordance with the provisions of this Chapter. The public utility shall give such notice, which may include notice by publication, of the changes to interested parties as the Commission in its discretion may direct."

Sec. 2.  This act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 21st day of July, 1971.