1. The Commission shall adopt regulations which provide simplified procedures or methodologies for a change of any rates or fees for those public utilities which furnish water or services for the disposal of sewage, or both, to persons within this State for compensation, and which: (a) Serve 4,000 or fewer persons; and (b) Had during the immediately preceding 12-month period gross sales for water or services for the disposal of sewage amounting to $4,000,000 or less. If a public utility furnishes both water and services for the disposal of sewage, its gross sales for each service must be considered separately for determining whether the public utility qualifies under this paragraph for either service. 2. The regulations adopted by the Commission pursuant to subsection 1 must provide, without limitation, for the filing of letters of advice to change rates and, as authorized by the Commission, fees, based on a nationally recognized inflation index approved by the Commission. 3. A public utility described in subsection 1 which is located in a county whose population is 700,000 or more and which serves at least 250 persons shall, each year on or before a date established by the Commission, submit to the Commission a report that includes, without limitation: (a) Information concerning the adequacy of the infrastructure of the public utility, including, without limitation, the adequacy of the infrastructure to furnish a reasonably adequate supply of water for fire protection as required by NRS 704.660 and the sufficiency and availability of any water rights that are necessary to provide service; and (b) Any other information related to the infrastructure of the public utility that the Commission may require by regulation.
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