RELATING TO WATER CARRIERS.
What changed between versions
New automatic adjustment mechanism requiring water carriers to adjust rates annually based on the Gross Domestic Product Price Index, capped at plus or minus five percent per year.
Changed notice period for automatic adjustment mechanism surcharge changes from thirty days to forty-five days, and modified tariff filing language to clarify commission authority.
New definition of 'automatic adjustment mechanism' as any rate adjustment mechanism allowing carriers to change rates between rate cases.
New provision allowing commission to authorize temporary rate increases when carriers show probable entitlement and financial need, with requirements for refunds if increases are later found unjustified.
New authority for commission to waive or exempt water carriers from chapter requirements upon determination that requirements are unjust, unreasonable, or not in public interest.
Effective date changed from January 1, 2026 to July 1, 2050, which appears to be a placeholder or error in the draft.