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§ 7518. Expedited approval of rate relief

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 32 Pa.C.S.A. Forests, Waters and State Parks

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 32 Pa.C.S.A. Forests, Waters and State Parks
Part IV. Water Resources Projects
Chapter 75. Water Facilities Restoration
32 Pa.C.S.A. § 7518
§ 7518. Expedited approval of rate relief
For the limited and special purpose of ensuring repayment of principal and interest on loans made pursuant to this chapter, the Public Utility Commission shall approve such security issues, affiliated interest agreements and rate increase requests by applicants that are regulated utilities as are necessary and appropriate. For this purpose, the Public Utility Commission shall establish such expedited practices, procedures and policies as necessary to facilitate and accomplish repayment of the loans. Nothing in this chapter shall be construed as to require approval of rate increases greater than that necessary to accomplish the repayment of loans made pursuant to this chapter.

Credits

1982, June 22, P.L. 577, No. 167, § 1, imd. effective.
32 Pa.C.S.A. § 7518, PA ST 32 Pa.C.S.A. § 7518
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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