Establishes procedures for water and wastewater utilities to enhance infrastructure, including ratemaking principles for cost recovery.

This bill sets up procedures for water and wastewater utilities to improve infrastructure, focusing on ratemaking principles for recovering costs of certain investments. It defines "system enhancement improvement" as projects that replace or extend infrastructure, install new infrastructure, or relocate infrastructure to comply with regulations. Utilities must obtain approval from the commission for a multiyear plan before recovering costs through a system enhancement charge. The commission is not bound by traditional ratemaking principles when evaluating these plans.

Establishes procedures for water and wastewater utilities to enhance infrastructure, including ratemaking principles for cost recovery.

This bill sets up procedures for water and wastewater utilities to improve infrastructure, focusing on ratemaking principles for recovering costs of certain investments. It defines "system enhancement improvement" as projects that replace or extend infrastructure, install new infrastructure, or relocate infrastructure to comply with regulations. Utilities must obtain approval from the commission for a multiyear plan before recovering costs through a system enhancement charge. The commission is not bound by traditional ratemaking principles when evaluating these plans.