Utah Code § 54-4-4.1: Rules to govern rates.

(1) The commission may, by rule or order, adopt any method of rate regulation that is:

(a) consistent with this title;

(b) in the public interest; and

(c) just and reasonable.

(2) In accordance with Subsection (1), a method of rate regulation may include:

(a) rate designs utilizing:

(i) volumetric rate components;

(ii) demand rate components;

(iii) fixed rate components; and

(iv) variable rate components;

(b) rate stabilization methods;

(c) decoupling methods;

(d) incentive-based mechanisms; and

(e) other components, methods, or mechanisms approved by the commission.