Archived Bill Info

"LOVETT", "MCWHERTER", "MULDOWNEY", "WARGO"

An Act to further amend the act, approved the twenty-eighth day of May, one thousand nine hundred thirty-seven (P.L. 1053), entitled "Public Utility Law," by defining the fair value of the property of a public utility, by requiring public utilities to give written notice and serve each political subdivision municipal corporation and other designated interested party with copies of all changes in existing tariffs and all data and evidence submitted to the commission in support thereof requiring a public hearing by the commission not less than sixty days from time of filing proposed change concerning the lawfulness of such rate providing that the rate in force at the time of filing the change shall continue for a period of six months from date thereof and an additional period not exceeding six months pending decision providing that the commission shall not by the establishment of temporary rates or by rule otherwise circumvent alter or modify provisions of this amendment relative to changes in existing laws providing that temporary rates may be established by the commission only after notice and hearing as required by section three hundred eight and providing that just and reasonable rates shall be such as provide a fair return upon the fair value of the property as so defined.

0928 White

Referred to the Committee on Public Utilities, March 2.

Reported as amended, September 13.

Passed first reading, September 14.

Recommitted to the Committee on Public Utilities, September 19.