North Carolina Administrative Code
Title 04 - COMMERCE
Chapter 11 - UTILITIES COMMISSION
Chapter 6
Article 6 - INSPECTIONS AND TESTS
Section 11 R06-81 - GENERAL
Universal Citation: 6 NC Admin Code 11 R 06-81
Current through Register Vol. 39, No. 6, September 16, 2024
(a) Purpose. The purpose of these rules is to implement G.S. 62-158 and G.S. 62-2(9) by providing for the establishment, funding, operation and administration of natural gas expansion funds to promote the public welfare throughout the State. Any such fund is to be used by the franchised natural gas local distribution company for which it is approved for the construction of facilities in its franchised territory to extend natural gas service to areas of the State where natural gas service is not available.
(b) Definitions.
(1) Economically infeasible: The Project has
a negative net present value.
(2)
LDC: Natural gas local distribution company.
(3) Net present value: The present value of
expected future net cash inflows over the useful life of a Project minus the
present value of net cash outflows.
(4) Project: The scope of the construction of
facilities to extend service into unserved areas.
(5) Unserved areas: Counties, cities or towns
of which a high percentage is unserved.
NCUC Docket No. G-100, Sub 57, 4/9/92.
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