>  Term: subject to refund
subject to refund

A condition attached by the FERC on revised rates, after the suspension period has expired, denoting that a company is allowed to charge and collect such rates provided, however, that appropriate rate refunds and reductions, including interest, may be required upon resolution of the rate proceeding if such rates are found to be in excess of just and reasonable rates. Under certain conditions rates may go into effect subject to refund without suspension.

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