Establishes an automatic rate adjustment mechanism for water carriers based on inflation.
Creates an automatic rate adjustment mechanism for water carriers tied to the annual percentage change in the Gross Domestic Product Price Index. The mechanism applies annually and is capped at plus or minus five percent per year. The Public Utilities Commission has discretion to waive or exempt water carriers from certain requirements. The bill also mandates that water carriers file tariffs showing rates, fares, and charges for transportation and services.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.