§ 4-205. Temporary rates
West's Annotated Code of MarylandPublic Utilities
MD Code, Public Utilities, § 4-205
Formerly cited as MD PUBLIC UTIL COMP § 4-205
§ 4-205. Temporary rates
(a) The Commission may set a temporary rate for any public service company that is higher or lower than the rate previously in effect.
(b) The Commission may set a temporary rate after hearing only if the Commission finds that:
(c) If the order involves a temporary rate increase, and refund to the consumer is practicable, the public service company shall post a bond, with security and in an amount that the Commission approves, payable to the State and conditioned to ensure prompt refund with interest to each consumer of each amount received by the public service company from the consumer above the final rates that the Commission sets.
(d) Any temporary change in rate shall equal the amount found by the Commission to be higher or lower than a just and reasonable rate.
(e)(1) The temporary change in rate under subsection (d) of this section shall remain in effect for an initial period of not more than 9 months.
(f)(1) If the final rate set is higher than the rate set in the order for a temporary rate, the public service company may amortize and recover over a period that the Commission sets, through a temporary increase over the final rate set, the difference between the operating revenue obtained under the order for a temporary rate and the operating revenue that would have been obtained from the same volume of business from the final rate set.
Credits
Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998.
Formerly Art. 78, § 71.
MD Code, Public Utilities, § 4-205, MD PUBLIC UTIL § 4-205
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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