§ 37-13-133 — Payment of public utility

Wyoming § 37-13-133

• Jurisdiction: Wyoming
• Title 37: Public Utilities
• Ch. 13: LOCAL IMPROVEMENT DISTRICTS

Text

Upon completion of the conversion the public utility corporation
shall present the governing body with its verified bill for
conversion costs as computed pursuant to W.S. 37-13-129 or
37-13-131 of the statutes, but based upon the actual cost of
constructing the underground facility rather than the estimated
cost of the facility. In no event shall the bill for conversion
cost presented by the public utility corporation exceed the
amount of estimated conversion costs by the public utility
corporation. If the conversion costs are less than the estimated
conversion costs, each owner within the improvement district
shall receive the benefit, prorated in such form and at such
time or times as the governing body may determine to be fair and
equitable. The bill of the public utility corporation shall be
paid within thirty (30) days by the governing body from the
improvement district funds or such other source as is properly
designated by the governing body. In determining the actual cost
of constructing the underground facility the public utility
shall use its standard accounting procedures, such as the
uniform system of accounts as defined by the federal
communications commission, federal power commission or Wyoming
public service commission in use at the time of the conversion.