Who has the power to fix rates?
The Public Service Commission.
What is the extent of power by the Commission to fix rates?
The Public Service Commission has the power to fix and determine the following which shall be imposed observed and followed thereafter by any public service:
1. Individual or joint rates
2. Tolls
3. Charges
4. Classifications
5. Schedules
6. Commutation
7. Mileage
8. Kilometrage
9. Other special rates. (Sec 16)
May the Commission approve rates proposed by public services?
Yes. The Commission may, in its discretion, approve rates proposed by public services provisionally and without necessity of any hearing; but it shall call a hearing thereon within thirty days, thereafter, upon publication and notice to the concerns operating in the territory affected. In case the public service equipment of an operator is used principally or secondarily for the promotion of a private business, the net profits of said private business shall be considered in relation with the public service of such operator for the purpose of fixing the rates. (Sec 16)
