DIGEST OF INTRODUCED BILL
Utility system improvement charges. Provides that a public utility that provides water or wastewater service may establish a utility system improvement charge (USIC). (Current law provides that only a public utility that provides water service may apply for a distribution system improvement charge (DSIC).) Provides that a public utility may petition for a change in its USIC every three months. (Current law provides that a public utility may file a petition not more than once every 12 months.) Provides that a USIC may produce USIC revenues totaling up to 10% of a public utility's base revenue level. (Current law limits revenues to 5% of base revenue.) Requires a public utility to annually reconcile the difference between its USIC revenues and costs. Repeals definitions related to DSICs. Makes conforming amendments.