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1996 SESSION
960996845Be it enacted by the General Assembly of Virginia:
1. That § 56-265.13:6 of the Code of Virginia is amended and reenacted as follows:
§ 56-265.13:6. Public hearing on application; prohibition of multiple rate increases within any twelve-month period.
A. Upon application to the Commission by at least twenty-five percent of all
customers affected by a rate change or by 250 affected customers, whichever
number is lesser, or by the small water or sewer utility itself, or by the
Commission, upon its own motion, a hearing shall be held after at least thirty
days' notice to the small water or sewer utility and to its customers. The
Commission may order such improvements or changes in service, regulations,
measurements, practices, acts, and rates, charges, fees,
and rules and regulations of such utility as are just and reasonable.
When a hearing is ordered, the Commission shall have the authority to suspend
such rates, tolls, and charges, fees, and rules and
regulations for no more than sixty days and or to
declare them to be interim thereafter and , or both. Interim
rates, fees, and charges shall be subject to refund with interest until
such time as the Commission has made its final determination in the proceeding.
Upon completion of the hearing and decision, the Commission may order such
public utility to refund, with interest at a rate set by the Commission, the
portion of such rates, tolls, or charges, or fees found
not justified by its decision.
B. A small water or sewer utility shall not implement an increase in the utility's rates or charges more than once within any twelve-month period. This limitation shall not prohibit applications for increases in rates or charges pursuant to § 56-245.