§ 7518. Expedited approval of rate relief. For the limited and special purpose of ensuring repayment of principal and interest on loans made pursuant to this chapter, the Public Utility Commission shall approve such security issues, affiliated interest agreements and rate increase requests by applicants that are regulated utilities as are necessary and appropriate. For this purpose, the Public Utility Commission shall establish such expedited practices, procedures and policies as necessary to facilitate and accomplish repayment of the loans. Nothing in this chapter shall be construed as to require approval of rate increases greater than that necessary to accomplish the repayment of loans made pursuant to this chapter.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 32 - FORESTS, WATERS AND STATE PARKS
Chapter 75 - Water Facilities Restoration
Section 7501 - Short title of chapter
Section 7503 - Legislative findings and purposes (Repealed)
Section 7504 - Water Facilities Loan Board
Section 7505 - Powers of board
Section 7506 - Water Facilities Advisory Committee (Repealed)
Section 7507 - Borrowing authorized
Section 7509 - Debt retirement
Section 7510 - Apportionment and appropriation of funds (Repealed)
Section 7511 - Limits on project funding (Repealed)
Section 7512 - Costs eligible for loan financing (Repealed)
Section 7513 - Planning consultation and prefeasibility assessments (Repealed)
Section 7514 - Application requirements and criteria for obtaining loan (Repealed)
Section 7515 - Priorities for loans (Repealed)
Section 7516 - Implementation of project (Repealed)
Section 7517 - Supervision of project and security from default