1998 Minnesota Statutes

     237.766 Plan duration. 

    An alternative regulation plan approved by the commission 
 under section 237.764 must remain in force as approved for the 
 term specified in the plan, which must be for no less than three 
 years.  Within six months prior to the termination of the plan, 
 the plan must be reviewed by the commission and, with the 
 consent of the company, revised or renewed consistent with 
 sections 237.76 to 237.774, except that the justification of 
 earnings levels in section 237.764, subdivision 1, paragraph 
 (c), if required and the provisions prohibiting rate increases 
 at the initiation of or during the first three years of a plan 
 contained in section 237.762, shall not apply to a revised or 
 renewed plan.  Any revised or renewed plan must be approved by 
 the commission and shall contain a mechanism under which a 
 telephone company may reduce the rates for price-regulated 
 services below the initial rates or prices or increase the rates 
 or prices during the term of the revised or renewed plan.  The 
 plan must specify the reports required of the telephone company 
 for review of the plan and specify that the telephone company 
 shall maintain records in sufficient detail to facilitate the 
 review. 

    HIST: 1995 c 156 s 13; 1997 c 223 s 16 

*   NOTE:  This section, as added by Laws 1995, chapter 156, 
*section 13, expires January 1, 2006.  Laws 1995, chapter 156, 
*section 25.