(1) Where a certificate of non-compliance is delivered to the Company, the Company and an independent accountant must each, within 14 days of such receipt, complete and submit a separate report setting out the reasons for the issuance of the certificate.
(2) The reports submitted for the purposes of subsection (1) must be delivered to the Commission within 2 days of their completion. (Amended by Act 2 of 2016)
(3) Subject to subsection (4), the Commission upon receipt of the reports referred to in subsection (2) must review the reports and make a final determination, within 30 days of such receipt, as to the revised basic energy rates which rates must be implemented by the Company within 14 days of the receipt of the determination. (Amended by Act 2 of 2016)
(4) The basic energy rates established on the basis of the interim return must remain in effect pending the determination on the certificate of non-compliance by the Commission. (Amended by Act 2 of 2016)