This bill proposes the creation of a new section in chapter 49-02 of the North Dakota Century Code, which introduces a public interest exemption for electric public utilities. The new legal language allows the commission to exempt an electric public utility from regulations that impact rates, contracts, services, and the adequacy or sufficiency of facilities if it determines that such an exemption serves the public interest.
Additionally, the commission is granted the authority to impose reasonable and proper terms and conditions on any exemption it provides. The bill clarifies that this new exemption does not limit the commission's existing authority under chapter 49-03 and establishes that any exemption can be revoked or suspended according to the procedures outlined in chapter 28-32.