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| | | An Act To Require Review of Utility Rates Prior |
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| | | to Approval of Alternative Rate Plans |
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| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 35-A MRSA §3195, sub-§2, as amended by PL 1999, c. 398, Pt. A, | | §71 and affected by §§104 and 105, is further amended to read: |
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| | | 2. Just and reasonable rates. In determining the | | reasonableness of any rate-adjustment mechanism established under | | this subchapter, the commission shall apply the standards of | | section 301 to ensure that the rates resulting from the | | implementation of the mechanism are just and reasonable. Prior | | to the adoption of a new or replacement alternative rate plan or | | renewal of any existing alternative rate plan, the commission | | shall, in order to ensure that rates at the starting point of the | | plan are just and reasonable, conduct a revenue requirement and | | earnings review pursuant to the standards of section 301.__In | | conducting such a review under this subsection, the commission, | | at its discretion, may conduct the review in a manner designed to | | minimize the cost of the review to ratepayers. |
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| | | Sec. 2. 35-A MRSA §4706, sub-§§3 and 6, as enacted by PL 1997, c. 707, | | §10, are amended to read: |
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| | | 3. Just and reasonable rates. In determining the | | reasonableness of any rate-adjustment mechanism established under | | this subchapter, the commission shall apply the standards of | | section 301 to ensure that the rates resulting from the | | implementation of a rate-adjustment mechanism are just and | | reasonable. Prior to the adoption of a new or replacement |
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