54-4-4.1. Rules to govern rates.

100 words·~1 min read·/ut/title-54/chapter-4/54-4-4-1

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The commission may, by rule or order, adopt any method of rate regulation that is:

(a)consistent with this title;

(b)in the public interest; and

(c)just and reasonable.

(2)In accordance with Subsection

(1), a method of rate regulation may include:

(a)rate designs utilizing:

(i)volumetric rate components;

(ii)demand rate components;

(iii)fixed rate components; and

(iv)variable rate components;

(b)rate stabilization methods;

(c)decoupling methods;

(d)incentive-based mechanisms; and

(e)other components, methods, or mechanisms approved by the commission.

Amended by Chapter 319 , 2009 General Session