NC General Statutes

N.C. Gen. Stat. § 62-51 (2026)

To inspect books and records of corporations affiliated with public utilities

✓ current as of July 2026

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Members of the Commission, Commission staff, and Public Staff are hereby authorized to inspect the books and records of corporations affiliated with public utilities regulated by the Utilities Commission under the provisions of this Chapter, including parent corporations and subsidiaries of parent corporations. This authorization shall extend to all reasonably necessary inspection of all books and records of account and agreements and transactions between public utilities doing business in North Carolina and their affiliated corporations where such records relate either directly or indirectly to the provision of intrastate service by the utility. The right to inspect such books and records shall apply both to books and records in the State of North Carolina and such books and records located outside of the State of North Carolina. If any such affiliated corporation shall refuse to permit such inspection of its books and records and its transactions with public utilities doing business in North Carolina, the Utilities Commission is empowered to order the public utility regulated in North Carolina to show cause why it should not secure from its affiliated corporation such books and records for inspection in North Carolina or why their franchise to operate as a public utility in North Carolina should not be cancelled. (1969, c. 764, s. 1; 1977, c. 468, s. 12; 2021-23, s. 24.)

Notes of Decisions

Cited in 5 cases, 1972–1982 · leading case: State Ex Rel. Utils. Comm'n v. Gen. Tel. Co. of the Se., 189 S.E.2d 705 (N.C. 1972).

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State Ex Rel. Utils. Comm'n v. Gen. Tel. Co. of the Se., 189 S.E.2d 705 (N.C. 1972). · cites it 3× “§ 62-37 and G.S. § 62-51. G.S. § 62-153, which authorizes the Commission, after hearing, to disapprove and declare void contracts between a public utility and certain types of affiliated corporations is not before us in the present case and nothing herein may be deemed to limit…”

State ex rel. Utils. Comm'n v. Edmisten, 263 S.E.2d 583 (N.C. 1980). · cites it 2× “9 Alternatively, the Commission may seek on its own motion to inspect Alcoa’s or Tapoco’s books and records under authority of G.S. 62-51. 10 Finally, assuming without deciding the correctness of the Court of Appeals’ holding that *444 Tapoco is a public utility subject to the…”

State Ex Rel. Utils. Comm'n v. Intervenor Residents of Bent Creek/Mt. Carmel Subdivisions, 286 S.E.2d 770 (N.C. 1982). · cites it 2× “The authority of the Commission to inspect books and records and to make investigations into transactions between affiliates, as conferred by statute, is quite broad: G.S. § 62-51. To inspect books and records of corporations affiliated with public utilities.”

State ex rel. Utils. Comm'n v. Intervenor Residents of Bent Creek/Mt. Carmel Subdivisions, 278 S.E.2d 761 (N.C. Ct. App. 1981). · cites it 2× “The record does not indicate any inquiry by the Commission into what would constitute a reasonable price for the services the Company received, nor does the record reveal any inquiry into whether the expenses incurred by WSC and CWS were in fact reasonable.”

State Ex Rel. Utils. Com'n v. Edmisten, 263 S.E.2d 583 (N.C. 1980). · cites it 2× “[9] Alternatively, the Commission may seek on its own motion to inspect Alcoa's or Tapoco's books and records under authority of G.S. 62-51. [10] Finally, assuming without deciding the correctness of the Court of Appeals' holding that Tapoco is a public utility subject to the…”

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