The company may withdraw any rate schedule which has been superseded, may revise any
existing rate schedule, or establish other rate schedules, providing the rates thereunder
shall be reasonable and no existing customer shall be required to pay higher rates
for the same extent of service received prior to the revision or establishment. Within
ten (10) days after the filing of such withdrawal, revision or new schedule by the
company, the city clerk shall give published notice of such filing. The withdrawal,
revision or new schedule shall take effect sixty (60) days after written notice thereof
has been filed by the company with the city clerk unless the council or any customer
shall initiate by resolution or petition during the interim period a review of the
filing, whereupon a public hearing shall be conducted upon ten (10) days' notice published
beforehand in the official newspaper. After the hearing, the council shall by resolution
adopt, modify or reject the withdrawal of superseded rates, revision of existing rates
or establishment of new rates. Notwithstanding the foregoing, the company shall not
seek any rate increase for the remaining term of intended steam service, which will
terminate on September 30, 1985, save and except for conditions occurring in the period
from the effective date of this ordinance to September 30, 1985, that a reasonable,
prudent utility manager could not have anticipated as of February 13, 1985.
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