(a) If the public utility fails to make refunds within thirty (30) days after the effective date of the order requiring such refunds, the Arkansas Public Service Commission shall bring suit in the name of the State of Arkansas for the use and benefit of all those entitled to a refund in any court of competent jurisdiction and shall recover the amount of all refunds due, together with interest thereon at a rate not to exceed the maximum rate otherwise allowed by law, and all court costs.
(b) No suit to recover the refunds shall be maintained unless instituted within two (2) years after the final determination.
(c) The amount recovered shall be paid to the clerk of the court where the suit was pending, and it shall be the clerk's duty to distribute the amount recovered to the persons entitled thereto as directed by the order of judgment of the court.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 4 - Regulation of Rates and Charges Generally
Subchapter 4 - Utilities — Rate Changes and Surcharges Generally
§ 23-4-401. Notice of intention to file application
§ 23-4-402. Notice of proposed changes
§ 23-4-403. Changes allowed without notice
§ 23-4-404. Proposed changes to be reflected in schedules
§ 23-4-405. Investigation of proposed rates
§ 23-4-406. Test periods to justify new rates
§ 23-4-407. Suspension of proposed rates
§ 23-4-408. Interim implementation of suspended rates
§ 23-4-409. Rate increase not effective until final order
§ 23-4-410. Authority of commission to fix rates — Apportionment of increase
§ 23-4-412. Issuance of commission order — Rates to be collected
§ 23-4-413. Surcharge to collect rates increased by courts
§ 23-4-414. Refunds of excessive rate collections under bond
§ 23-4-415. Refunds of excessive bonded collections — Order not stayed during rehearing
§ 23-4-416. Surcharge to collect excessive refunds
§ 23-4-417. Petition for mandamus
§ 23-4-418. Suit to compel refunds — Proceeds
§ 23-4-419. Applications for additional increases
§ 23-4-420. Reports on status of applications
§ 23-4-421. No changes allowed in terms of employment subject to collective bargaining agreement