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3439
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MARVIN MANDEL, Governor
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costs and expenses, including (1) the compensation and
expenses of the Commission, and its officers, agents and
employees, (2) the cost of retirement contributions,
social security, health insurance, and all other benefits
required to be paid by the State for the personnel of the
Commission, and (3) all other items of maintenance and
operation expenses and all other direct and indirect
costs; but excluding the costs of maintaining testing
equipment reimbursable under subsection (c) hereof.
Based on this estimate, the chairman shall determine the
amount to be paid by each public service company, and a
bill shall be rendered to each public service company.
The bill for each public service company shall be
rendered on or before May first of each year, and shall
be for the amount equal to the product of the estimated
costs and expenses of conducting the Commission's total
operations during the ensuing State fiscal year
multiplied by the proportion which compares the gross
operating revenues for the public service company derived
from intrastate utility operations in the last preceding
calendar year, or other twelve-month period as determined
by the chairman, to the total of the gross operating
revenues derived from intrastate utility operations for
all public service companies in the State which are
assessed under this section over the same period. The
minimum assessment for any public service company shall
be $10. The amount of the bill rendered shall be paid by
the public service company to the Commission on or before
July fifteenth following. A public service company may
elect to make partial payments for the costs and expenses
on the fifteenth day of each of the months of July,
October, January, and April of the fiscal year. Each
partial payment shall be a sum equal to 25 percent of the
estimate of costs and expenses to be assessed against the
public service company under the provisions of this
section and may not be less than $10. During the course
of any State fiscal year, the chairman may increase or
decrease the estimate of costs and expenses of the
Commission. In this case, revised bills shall be sent to
each public service company which has elected to make
partial payments, and the increase or decrease shall be
equally apportioned against the remaining payments for
the fiscal year. On or before September fifteenth of
each year, the chairman shall compute the actual costs
and expenses of the Commission for the preceding State
fiscal year and, after deducting the amounts recovered
pursuant to subsection (c) of this section, on or before
October fifteenth, shall send to each public service
company affected a statement setting forth the amount due
and payable by, or the amount standing to the credit of,
the public service company. Any amount owing by any
public service company shall be paid not later than 30
days following the date the statement is received. Any
amount standing to the credit of any public service
company shall be refunded by the Commission or, at the
option of the public service company, applied as a credit
against any succeeding payment due. The total amount
which may be charged to any public service company under
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