(A) Initial rates. A licensee shall establish and notify the town of initial rates for its cable services prior to commencement of services. All rates established shall be reasonable, just, and fair to the public.
(B) Authority to regulate rates. To the extent permitted, the town may regulate the rates for cable service in accordance with federal and state law.
(C) Notice of rates. Notice of rates shall be given in accordance with § 114.41 Subscriber and Town Notification.
(D) Any rate established shall be reasonable, just and fair to the public, and shall provide the grantee a return upon its investment reasonably sufficient to:
(1) Assure confidence in grantee's financial soundness;
(2) Support its credit and attract necessary capital under efficient and economical management; and
(3) Provide a return to equity owners commensurate with current returns on investment in other enterprises having corresponding risks.
(E) No rate established shall afford any undue preference or advantage among subscribers, but separate rates may be established for separate classes of subscribers and rates may reflect the populated areas where there are less than 50 residences per strand mile or trunk line cable to be installed.
(F) Changes in established rates may be made by grantee by notification to the Council, with the changes to be supported by financial data showing a change to be necessary in accordance with division (B) above.
(Ord. 16-825, passed 9-13-2016)