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(a) A cooperative's rate adjustment filing under 3 AAC 48.700 - 3 AAC 48.790 is governed by 3 AAC 48.280 and will become permanent at the end of the notice period described in AS 42.05.411 unless the commission suspends the filing in accordance with AS 42.05.421 . If the commission suspends the filing, the commission will, in its discretion, allow the filing to take effect on an interim basis, subject to refund.
(b) A cooperative shall provide to its customers prior individual notice of the intent of its board of directors to consider participation in the simplified rate filing procedure established in 3 AAC 48.700 - 3 AAC 48.790. That notice must include, at a minimum,
(2) the time and place of the board of director's meeting scheduled for consideration of the appropriateness and desirability of participation in the simplified rate procedure; and
(3) acknowledgment that the major responsibility for rate adjustments under the simplified procedure will rest with the board of directors of the cooperative rather than with the commission.
(c) A cooperative shall provide its customers with reasonable notice of any rate adjustments approved by its board of directors either before or at the time the rate adjustment takes effect.
History: Eff. 1/1/87, Register 100
Authority: AS 42.05.141
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Last modified 7/05/2006