Arkansas Code
Subchapter 12 - Formula Rate Review Act
§ 23-4-1202. Findings and intent

(a) The General Assembly finds that:
(1) Electricity and natural gas services are essential to the public health and safety of citizens of this state; and
(2) Affordable electricity and natural gas encourage economic activity within the state and benefit the state's industrial, commercial, and agricultural industries to increase the number of available jobs and to attract new business and industry to the state.

(b) The intent of this subchapter is to establish a regulatory framework that implements rate reforms to provide just and reasonable rates to consumers in this state and enables public utilities in this state to provide reliable service while maintaining stable rates.

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