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1999 SESSION

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HB 739 Small water or sewer public utilities; rate changes.

Introduced by: Michele B. McQuigg | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Small water or sewer public utilities; rate changes. Prohibits small water and sewer companies from imposing rate increases or other changes in rates, fees, and charges prior to public hearings before and approval by the Virginia State Corporation Commission (SCC). The bill also prohibits interim rate increases. Under current law, a small water or sewer company may initiate rate changes upon 45 days' prior notice to its customers and the SCC. Thereafter, a public hearing on any proposed rate change will be held only if the SCC, a specified number of affected customers (the lesser of 25 percent or 250), or the utility itself requests one. When a hearing is ordered, the SCC has the further authority to suspend any utility-initiated rate increase or other changes for up to 60 days, and to declare them interim and subject to refund (with interest).


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