54-4-4.1. Rules to govern rates.
(1) The commission may, by rule or order, adopt any method of rate regulation that is: consistent with this title; in the public interest; and just and reasonable.
(2) In accordance with Subsection, a method of rate regulation may include: (1) rate designs utilizing: volumetric rate components; demand rate components; fixed rate components; and variable rate components; rate stabilization methods; decoupling methods; incentive-based mechanisms; and other components, methods, or mechanisms approved by the commission.