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North Carolina Department of Utilities Commission Issues Order Approving Tariff Revision Granite Ridge Investments, LLC

August 11, 2014



RALEIGH, N.C., Aug. 11 -- The North Carolina Utilities Commission issued the following order:

In the Matter of Notification by Granite Ridge Investments, LLC, Post Office Box 8306, Greensboro, North Carolina 27407, of Revised Rates and Fees for Charging for Water and Sewer Utility Service in Granite Ridge Apartments in Guilford County, North Carolina

BY THE COMMISSION: On July 28, 2014, Granite Ridge Investments, LLC (Applicant), filed with the Commission a notification of revised rates and fees for charging for water and sewer service to its customers in Granite Ridge Apartments in Guilford County, North Carolina, the increased cost of purchasing water and sewer service from the City of High Point.

Based upon the filings of the Applicant, the Public Staff has recommended approval of an Administrative Fee of $14.38 (consisting of $3.00 for the Applicant's meter reading, billing, and collecting costs plus a pass through of High Point's$11.38 base charge for water and sewer service). Based upon 4,000 gallons per month usage and rates of $3.50 per 1,000 gallons for water and $6.08 per 1,000 gallons for sewer, the total monthly bill will be $52.70 ($38.32 usage charge and $14.38 administrative fee).

Based upon the foregoing, the Commission is of the opinion that the Public Staff's recommended rates should be approved. The Commission is also of the opinion that, if the City of High Point's base charge should be reduced for any reason, the Applicant should be required to notify the Commission immediately for a tariff revision.

IT IS, THEREFORE, ORDERED as follows:

1. That Granite Ridge Investments, LLC, is granted a tariff revision for Granite Ridge Apartments in Guilford County, North Carolina, as set forth herein.

2. That the Schedule of Rates, attached as Appendix A, is approved and deemed to be filed with the Commission pursuant to G.S. 62-138. Said Schedule of Rates is authorized to become effective for service rendered on and after the date of this Order.

3. That, if the City of High Point's base charge should be reduced for any reason, the Applicant shall notify the Commission immediately for a tariff revision.

4. That a copy of this Order and the Schedule of Rates, attached as Appendix A, shall be mailed with sufficient postage or hand delivered by the Applicant to all its customers in Granite Ridge Apartments contemporaneously with the next billing of customers.

5. That, if the service area is sold or the ownership changes, the Applicant and the new owner shall file an Application for Transfer of Authority (Form WR2 may be found on the Commission website - www.ncuc.net). Failure to do so may result in revocation of the certificate of authority and suspension of rates.

ISSUED BY ORDER OF THE COMMISSION.

This the 11th day of August , 2014.

NORTH CAROLINA UTILITIES COMMISSION

Gail L. Mount, Chief Clerk

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