Section 50. Cost recovery mechanism  


Latest version.
  • A. An investor-owned electric utility, electric cooperative, or public utility providing water service shall be permitted to recover losses on customer accounts resulting from the implementation of this chapter in the same manner as other uncollectable costs are recovered through rates.

    B. An investor-owned electric utility, electric cooperative, or public utility providing water service shall maintain write-offs and recoveries of uncollectable accounts in such a manner that would allow those amounts written off as a result of the implementation of this chapter to be separately identified.

Historical Notes

Derived from Volume 28, Issue 05, eff. October 31, 2011.

Statutory Authority

Chapters 500, 662, and 673 of the 2011 Acts of Assembly.