A generation and transmission cooperative may modify its rates and charges if:
(1) At least three-fourths (¾) of its board votes to change its rates and charges;
(2) A proposed increase in the generation and transmission cooperative's rates and charges does not exceed five percent (5%) in any twelve-month period of the total gross revenues of the generation and transmission cooperative; and
(3) Any additional requirements of this subchapter are satisfied.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 4 - Regulation of Rates and Charges Generally
§ 23-4-1102. Exemption from general rate case procedure
§ 23-4-1103. Notification of proposed rate and charge modification
§ 23-4-1105. Alternative procedure for modifying rates and charges of a member cooperative