Section 363-A:4 Collection.
Forthwith upon the completion of each such list, on or before August 10, October 10, January 10, and April 10 of each fiscal year, the public utilities commission shall bill each public utility for the quarterly amount assessed against it within 10 working days. Such bill shall be sent registered mail, and shall constitute notice of assessment and demand for payment. Payment shall be made to the public utilities commission within 30 days after the receipt of the bill. After the expiration of 30 days from the receipt of an original bill, the public utilities commission may add to the assessment a late penalty fee and may commence an action at law for the recovery of the assessment. Within 30 days of the assessment for the first quarterly payment, each public utility which has any objection to the amount assessed against it for the prior fiscal year shall file with the commission its objection in writing, setting out in detail the grounds upon which it is claimed that said assessment is excessive, erroneous, unlawful, or invalid. If such objections are filed, the commission, after reasonable notice to the objecting public utility, shall hold a hearing on such objections, and if the commission finds that said assessment or any part thereof is excessive, erroneous, unlawful, or invalid, the commission shall reassess the amount to be paid by such public utility, and shall order that an amended bill be sent to such public utility in accordance with such reassessment. The public utilities commission shall not commence an action at law for recovery of any assessment for the first quarterly payment until any such objection has been resolved.
Source. 1955, 203:1, par. 4. 1971, 557:62. 1995, 29:2. 1997, 208:14. 2004, 148:1, eff. Jan. 1, 2005.