Amends Delaware Code to modify regulations on water utility rates and Commission oversight.
The Delaware SB59 amends Title 26 of the Delaware Code concerning public utilities and utility rates. It modifies the conditions under which a water utility can impute revenues, requiring the utility to reach at least 75% of its original customer projections within three years. The Public Service Commission must consider the utility's revenue needs and past rates of return when determining rates. The bill also stipulates that any order changing rates cannot take effect until 30 days after service unless the utility consents.
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