Okla. Admin. Code § 165:70-1-5

Current through Vol. 42, No. 6, December 2, 2024

Section 165:70-1-5 - 180-day review requirement

(a) When any utility as defined in this Chapter shall file with the Commission a request for a review of its rates and charges, such request shall be given immediate attention.

(b) Unless otherwise allowed by law, the following requirements shall apply:

(1) The Commission shall complete any examination of such application within one hundred twenty (120) days from the date such application is filed.

(2) Public hearings on such application shall commence within thirty (30) days of the end of the Commission's examination of such application and in no event shall the conclusion of the Commission's examination of the application and the hearing conducted by the Commission exceed one hundred eighty (180) days from the date the application was filed.

(3) If the Commission's review of the application has not been completed and an order issued within one hundred eighty (180) days from the date of filing of the application, some or all of the request for change in the rates, charges and regulations made in such application shall be immediately placed into effect and collected through new tariffs on an interim basis at the discretion of the applicant utility.

(4) Should the Commission determine upon the completion of its examination and public hearings that a refund regarding the amount of interim relief is appropriate and necessary, the Commission shall order such refund, including reasonable interest at the one-year U.S. Treasury bill rate accruing on that portion of the rate increase to be refunded, for a period not to exceed ninety (90) days from the effective date of the rate increase which is being refunded.

Okla. Admin. Code § 165:70-1-5

Added at 11 Ok Reg 3753, eff 7-11-94