§ 39-15.1-1 - Purposes. - Rhode Island Statutes

SECTION 39-15.1-1

   § 39-15.1-1  Purposes. – The purposes of this chapter are to:

   (1) Augment current principles for setting the rates ofpublic utilities that are water suppliers that are subject to commission rateregulation 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 andoperational, of water systems through water system revenues; and

   (iv) Establishing operating capital and debt service ofsufficient size; and

   (2) Provide an optional system for multi-year water ratesthat are adjustable in accordance with an approved rate plan.