§ 158-51. Assessment for costs of application to issue securities for the financing of deferrals.

Whenever the council shall have ordered the establishment of rates in a manner which expressly provides a plan or schedule for deferral of the recovery of some of the operating expenses of a utility, and whenever for the purpose of financing such a deferral the utility seeks the approval of the council for the issuance of securities, the consideration of an application for such approval and the supervision of the issuance of such securities shall be deemed an ongoing proceeding under this article, and shall be the proper subject of supplemental application charges assessed in conformity with section 158-94, for so long as the deferral plan or schedule remains in effect and for one year thereafter.

(M.C.S., Ord. No. 22930, § 1, 12-6-07)