Section 365:38 Rate Proceeding. - New Hampshire Statutes

Whenever any investigation shall be necessary to enable the commission to pass upon the reasonableness of the rates or charges by a public utility, the utility, upon order of the commission, shall pay to the commission its expenses involved in the investigation, including the amounts expended by it for attorneys, experts, accountants, or other assistants, but not including any part of the salaries or expenses of the commissioners or of employees of the commission; provided, that the amount charged to the utility by the commission in any such case shall not exceed 3/4 of one percent of the existing valuation of the utility investigated, such expenses with 6 percent interest to be charged by the utility to operating expenses and amortized over such period as the commission shall deem proper and allowed for in the rates to be charged by the utility.

Source. 1921, 138:1. PL 238:36. 1931, 127:1. RL 287:37. 1951, 203:11 par. 38. RSA 365:38. 1959, 242:4, eff. Oct. 20, 1959.