New Hampshire Revised Statutes 366:7 – Disallowance of Charges Under Existing Contracts
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Terms Used In New Hampshire Revised Statutes 366:7
- Affiliate: shall mean and include the following:
(a) Any person that directly or indirectly owns, controls, or holds with power to vote a majority of the outstanding voting securities or such minority thereof as to give him substantial control of such a public utility. See New Hampshire Revised Statutes 366:1 - commission: as used in this title , means the public utilities commission. See New Hampshire Revised Statutes 362:1
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
In any proceeding whether upon the department’s initiation or commission‘s own motion or upon complaint involving the rates or practices of any public utility, the commission may disallow the inclusion in the accounts of a public utility of any payments or compensation to an affiliate for any services rendered, or property furnished, under existing contracts or arrangements with an affiliate unless such public utility shall establish the reasonableness of such payment or compensation.