§ 49-05-04 — Application for increase of rates - Information required - Fee

North Dakota § 49-05-04

• Jurisdiction: North Dakota
• Title 49: Public Utilities
• Ch. 49-05: Procedure on Regulation of Public Utilities

Text

Any public utility requesting an increase in its rates above the maximum approved or
prescribed by the commission shall furnish the commission:
1. The original cost of all its property.
2. The date of the acquisition of said property.
3. The amount of money invested in said property.
4. The amount of stock outstanding.
5. The amount of bonds outstanding against said property.
6. All books, papers, and memoranda of the utility showing the financial condition thereof.
7. Its total monthly salaries and wage expense for such time as the commission may
request.
8. An itemized statement of its expenditures.
9. The details of its profit and loss account.
10. All other books, papers, vouchers, and accounts which the commission shall ask to
have produced as evidence at the hearing.
11. An application fee in the amount of one hundred seventy-five thousand dollars. Upon
request of the commission and with the approval of the emergency commission, the
applicant shall pay such additional fees as are reasonably necessary for completion of
the application process by the commission. The commission shall pay the expenses of
investigating a rate increase application under this section from the application fee
paid by the public utility in accordance with section 49-02-02. The commission may
waive or reduce the fee.