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1 � <br /> s <br /> e <br /> s <br /> the hearing. Follo..ring all proper notice, but in no event nog <br /> i <br /> later than ninety (90) days frorm the date of :;aid petition, <br /> the board shall hold an appropriate ptablis hearing to consider <br /> I� the proposed new rates, at which hearing all parties dcsirin�� , <br /> to be heard, including the grantee, shall be: heard an a,-'Y «tatters <br /> relating to the pe.fformance A the franchise, the grantee':- <br /> services, and the proposed new rates.. <br /> f <br /> 1 <br /> (iii) within ninety (90) days after said hearing, E <br /> the board shall render a wr:.ttea decision on the grantee's � <br /> I <br /> t petition, either accepting, rejecting, or modifying the same and <br /> reciting the basis of its decision. <br /> E <br /> (iv) if tft? board fails to act within 180 days <br /> of the grantee's petition pursuant to paragraph (i) above, the <br /> grantee shall thereafter be entitled to put its proposed new <br /> rates into effect on a provisional basis, provided that it shall I <br /> 1 <br /> t <br /> keep a full and accurate accounting of all income resulting from � <br /> 1 <br /> said provisional rates and shall be obliged for a period of 180 z i <br /> days thereafter to refund the amount by which said provisional <br /> i <br /> rates exceed the rates ultimately established by the board. Upon <br /> request by the board., the grantee shall provide a bond or other <br /> t <br /> reasonable surety to ensure that possible refunds due under this <br /> i <br /> subsection shall be promptly made. The band or surety shall <br /> be in an amount not to exceed the difference between the amount ofd <br /> revenues generated in 180 days at the previously existing rates <br /> and the amount of revenues expected to be generated in 180 days <br /> at the provisional rates. <br /> t <br /> (M) The criteria for the board's decision in such <br /> matters shall be the establishment of rates which are ''fair and = <br /> reasonable" to both the grantee and its subscribers and shall be <br /> generally defined as the minimum rates necessary to meet all <br /> applicable costs of service, including 'fair return on all <br /> �-11- <br /> invested capital.., all assuming efficient and economical manage- <br /> CuL�rs <br /> % .4N.$cR�FSOLZ <br /> e�17tc�nsbN meet. <br /> TTORNEYS AT LAW i <br /> �i C11AVEL WLT NC <br /> FiLISHOAOVCH.N.a ON In order far, the board to determine whetEaez' <br /> proposed rate changes comport with the criteria esr.ablished in <br /> subsection (b4) above, the grantee's petition for a rate <br />