Section 39-15.1-1 - PurposesThe purposes of this chapter are to:
(1) Augment current principles for setting the rates of public utilities that are water suppliers that are subject to commission rate regulation in a manner that facilitates: (i) Managing demand, especially seasonal demand;(ii) Investing in infrastructure repair and replacement;(iii) Recovering the full costs, including capital and operational, of water systems through water system revenues; and(iv) Establishing operating capital and debt service of sufficient size; and(2) Provide an optional system for multiyear water rates that are adjustable in accordance with an approved rate plan.R.I. Gen. Laws § 39-15.1-1
P.L. 2009 , ch. 288, § 1; P.L. 2009 , ch. 341, § 1.