NORTH CAROLINA GENERAL ASSEMBLY

1981 SESSION

 

 

CHAPTER 460

HOUSE BILL 528

 

 

AN ACT TO GIVE THE UTILITIES COMMISSION AUTHORITY TO PRESCRIBE MANNER FOR DISTRIBUTING CUSTOMER REFUNDS OF WHOLESALE INCREASE TO UTILITY COMPANIES.

 

The General Assembly of North Carolina enacts:

 

Section 1. G.S. 62-136(c) is amended to read:

"(c)       If any refund is made to a distributing company operating as a public utility in North Carolina of charges paid to the company from which the distributing company obtains the energy, service or commodity distributed, the Commission may, in cases where the charges have been included in rates paid by the customers of the distributing company, require said distributing company to distribute said refund plus interest among the distributing company's customers in a manner prescribed by the Commission. The amount of said interest shall be determined pursuant to G.S. 62-130(e)."

Sec. 2. This act shall not be applied to pending litigation.

Sec. 3. This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 28th day of May, 1981.