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company contends amt it needs prompt temporary rate relief because, among other things, Q) its earnings are substantially less than were authorized by the Commission in the Company's last rate case in 1975, and (2) Company is in immediate need of additional revenues in order to maintain its financial health and capacity to render adequate public service to its Virginia customers:
Company requests that the proposed surcharge go into effect on March 1, 1977, pursuant to S56-249 of the Code of Virginia, without suspension. However, the Commission, has by Order of February 17,1977, suspended the effective date until May 1, 1977, pending an investigation by its Staff. A hearii* will be held, coounencii* at M:09 A.M., March 28, 1977, in the Commission's Courtroom, Wmtiw BuUdUq, Richmond, Virginia. The purpose of the hearing will he to receive evidence from the Company and the Commission's Staff regarding the Conqpany’s need for a temporary rate increase prior to a complete investigation and public heari*.
THE POTOMAC EMSON COMPANY 9-17-k
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