49-31-4.1. Hearings on price regulation--Petition--Adoption of price regulation for noncompetitive service.
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/sd/title-49/chapter-49-31/49-31-4-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The commission shall, on its own motion or upon petition, hold public hearings investigating methods of price regulation consistent with § 49-31-1.4 and chapter 1-26 . Within thirty days of its receipt of a petition filed pursuant to this section, the commission shall issue a procedural schedule setting forth dates by which written direct testimony or data shall be filed and ordering the date for commencement of a hearing.
If the investigation indicates that pricing regulation is appropriate for any noncompetitive service because such regulation has a positive impact on universal service and is more reasonable and fair than rate of return regulation, the commission may adopt pricing regulation for any such noncompetitive service.