DIGEST OF INTRODUCED BILL
Various utility matters. Provides that a public utility that provides water service or wastewater service may establish a utility system improvement charge (USIC). (Current law provides only for the establishment of a distribution system improvement charge (DSIC), and provides that a DSIC can be established only by a public utility that provides water service.) Provides that a public utility may petition for a change in its USIC every three months. (Current law provides that a public utility may petition for a change in its DSIC 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 DSIC revenues to 5% of a public utility's 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. Provides that a municipality or a municipally owned utility may not purchase the property of a utility company that provides water or sewer service (including a regional sewer and water district) unless the utility regulatory commission (IURC): (1) finds that the utility company has continued violations of the IURC's orders or the law regulating the utility company after the IURC has ordered compliance; or (2) finds after a review that the utility company has severe deficiencies that the utility company has failed to remedy. Provides that a utility may petition a court to stay proceedings of a municipality or a municipally owned utility to acquire the utility. Requires a municipality to submit the question of whether the municipality should acquire a utility to a public question.