§ 359 — Rates and fees

§ 359. Rates and fees. A company shall, with the approval of the\ncommissioner, fix maximum rates and fees to be charged persons served by\neach project for the facilities and services provided by the company to\nsuch persons, the average of such rates and fees for any one project not\nto exceed the maximum average rates and fees determined by the\ncommissioner before any commitments are made by the company for the\nconstruction, acquisition, reconstruction, rehabilitation or improvement\nof the project. The commissioner upon his own motion, or upon\napplication by the company or lienholder may vary the amount of such\nrates and fees from time to time so as to secure together with all other\nincome of the company, sufficient income to meet, within reasonable\nlimits, all necessary payments by the said company of all expenses,\nincluding fixed charges, sinking funds and reserves.\n