§ 24-9.1. Certain repayments to consumers by public utilities not subject to claim or defense of usury. - North Carolina Statutes

§24‑9.1.  Certain repayments to consumers by public utilities not subjectto claim or defense of usury.

Notwithstanding any otherprovision of this Chapter or any other provision of law, any public utility, asdefined by G.S. 62‑3, shall pay to its customers such rate of interest asmay be required by order of the North Carolina Utilities Commission intransactions wherein the utility is refunding to its customers funds advancedby or overcollected from the customers. As to such transactions, the claim or defenseof usury by such public utility and its successors or anyone else in its behalfis prohibited. (1981, c. 461, s. 3.)