§ 4-204. Suspension of new rates or change in rates
West's Annotated Code of MarylandPublic UtilitiesEffective: October 1, 2022
Effective: October 1, 2022
MD Code, Public Utilities, § 4-204
Formerly cited as MD PUBLIC UTIL COMP § 4-204
§ 4-204. Suspension of new rates or change in rates
(a)(1) The Commission may suspend, effective immediately and without formal proceedings, any new rate or change in rate proposed by a public service company.
(b)(1) The Commission promptly shall institute proceedings to consider whether the suspended rate is a just and reasonable rate.
(c)(1) If a proposed new rate or rate increase takes effect before the Commission enters a final order in the proceedings, if practicable, the Commission may order the public service company that proposes the rate to keep a detailed and accurate account of:
(3) If a refund is not practicable, the public service company shall charge off and amortize the difference between the operating revenues under the rate charged and the operating revenues that would have been obtained from the same volume of business from the final set rate, through a temporary rate decrease for the period that the Commission sets.
Credits
Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998. Amended by Acts 2022, c. 366, § 1, eff. Oct. 1, 2022; Acts 2022, c. 367, § 1, eff. Oct. 1, 2022.
Formerly Art. 78, § 70.
MD Code, Public Utilities, § 4-204, MD PUBLIC UTIL § 4-204
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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