GENERAL ASSEMBLY OF NORTH CAROLINA
1995 SESSION
CHAPTER 15
AN ACT TO REMOVE THE SUNSET ON FUEL COST ADJUSTMENT FOR ELECTRIC UTILITIES.
The General Assembly of North Carolina enacts:
Section 1. Section 2 of Chapter 129 of the 1991 Session Laws is repealed.
Sec. 2. Section 3 of Chapter 129 of the 1991 Session Laws reads as rewritten:
"Sec. 3. On July 1, 1993 and every two years
thereafter, the Utilities Commission shall provide a report to the Joint
Legislative Utility Review Committee summarizing the procedures conducted
pursuant to G.S. 62-133.2 during the preceding two years years. and
recommending whether this section should be continued, repealed, or
amended. The Joint Legislative Utility Review Committee shall report to
the General Assembly beginning with the 1994 Regular Session and every two
years thereafter which report shall contain the information provided by the
Utilities Commission and the Committee's recommendation whether G.S. 62-133.2
should be continued, repealed, or amended."
Sec. 3. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 22nd day of March, 1995.
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Dennis A. Wicker
President of the Senate
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Harold J. Brubaker
Speaker of the House of Representatives