(A) The franchisee shall not make changes in its rates, except by filing a rate filing prescribed with the City Clerk at least 90 days prior to the proposed effective date of the requested change. Notice of the filing shall be given by publication by placing a notice to the public of the proposed change in a newspaper having general circulation in the city. However, notwithstanding the above, instead of the publication of newspaper notice contemplated above, the franchisee may provide notice to the public by mailing such notice by United States mail, postage prepaid, to the billing address of each directly affected customer, or by including the notice in such customer’s bill in a conspicuous form. The notice must be in the following form:
NOTICE OF RATE INCREASE The (name of the utility) proposes to increase your rates by (amount of total annual increase requested) dollars per year, which is an overall increase of (percentage of increase over all revenues during the applicable test year) percent and is an increase in base rates of (percentage of increase over all revenues during the applicable test year which are not subject to escalation through some form of automatic adjustment clause) per cent. Further information may be obtained from (name and address of utility official) or the application on file with the City Clerk. |
(B) An affidavit signed by an official of franchisee and describing the method of publication of the notice shall be filed with the City Clerk.
(1976 Code, § 10-1006)