Section 63May 25, 1973, Sec./Art. 63

Rate Review. - Any publicly-owned local utility holding a Certificate of Conformance or a Conditional Certificate of Conformance from the Administration is hereby declared exempt from the jurisdiction of the Public Service Commission or its successor. Any rates or charges established by such a local water utility shall be adequate to provide for:

(a) Reimbursement from all new water customers for the cost of installing new services and meters;

(b) Revenue from all water deliveries and services performed by the district;

(c) Annual operating expense of the district;

(d) The maintenance and repairs of the works;

(e) A reasonable surplus for replacement, extension and improvements; and

(f) Payment of the interest and provide a sinking or other fund for the payment of debts of the district as they become due. The rates or charges established by such a local water utility shall be subject to review by the Administration to establish compliance with the above-stated provisions. Said review of rates or any charges therein shall be by the Trustees, and in writing. Any party aggrieved by such review may within 30 days appeal in writing to the Public Service Commission or its successor which shall decide such appeal within 60 days thereafter. Failure of the Public Service Commission or its successor to promulgate its decision on such appeal within such period shall be deemed an affirmation of Administration's review.