# 26 Del. Admin. Code § 1003: 26 DE Admin. Code 1003. Interest on Commission Ordered Rate Refunds

> Delaware · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DE_ADC_T26_1003

## Section

- **Citation:** 26 Del. Admin. Code § 1003
- **Heading:** 26 DE Admin. Code 1003. Interest on Commission Ordered Rate Refunds
- **Jurisdiction:** Delaware
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Delaware Administrative Code / Title 26 Public Utilities / 1000 General Regulations / 26 DE Admin. Code 1003

## Text

Title 26 Public Utilities
1000 General Regulations
Public Service Commission
1003 Interest on Commission Ordered Rate Refunds
Administrative History:
PSC Order No. 2696 (Nov. 26, 1985); PSC Regulation Docket No. 11.
Effective: January 1, 1986
Whenever the Commission deems it necessary or appropriate to order a public utility to refund all or any portion of a rate or rates collected by such utility pursuant to 26 Del.C. §306 or while pending appeal in any court, either State or Federal, because such rates or charges are determined to be excessive and not just and reasonable, such refund shall be made at such time, in such amounts and in such manner as may be required by order of the Commission, together with interest. Interest shall be computed from the date of payment of such rates until the date refunds are made at an average prime rate for each calendar quarter. The applicable average prime rate for each calendar quarter shall be the arithmetic mean, to the nearest one-hundredth of one percent, of the prime rate values published in the Federal Reserve Bulletin for the fourth, third and second months preceding the first month of the calendar quarter. The interest required to be paid shall be compounded annually on the anniversary of the effective date of the rates subject to refund.
For good cause shown the Commission may establish a different rate or otherwise direct.

## Nearby sections

- [26 Del. Admin. Code § 1001 26 DE Admin. Code 1001. Rules of Practice and Procedure of the Delaware Public Service Commission](https://www.frixlaw.com/law-library/statutes/STATE_DE_ADC_T26_1001.md)
- [26 Del. Admin. Code § 1002 26 DE Admin. Code 1002. Minimum Filing Requirements for All Regulated Companies Subject to the Jurisdiction of the Public Service Commission](https://www.frixlaw.com/law-library/statutes/STATE_DE_ADC_T26_1002.md)
- [26 Del. Admin. Code § 1003 26 DE Admin. Code 1003. Interest on Commission Ordered Rate Refunds](https://www.frixlaw.com/law-library/statutes/STATE_DE_ADC_T26_1003.md)
- [26 Del. Admin. Code § 1004 26 DE Admin. Code 1004. Regulations Governing Tariffs Which Set Forth Rates, Terms, and Conditions for the Attachment to Any Pole, Duct, Conduit, Right-of-Way, or Other Similar Facilities of Any Public Utility](https://www.frixlaw.com/law-library/statutes/STATE_DE_ADC_T26_1004.md)
- [26 Del. Admin. Code § 1005 26 DE Admin. Code 1005. Requirements for Contemporaneous Notice of Transfer from Public Utility Plant Service Accounts Other Than Normal Retirements](https://www.frixlaw.com/law-library/statutes/STATE_DE_ADC_T26_1005.md)
- [26 Del. Admin. Code § 1006 26 DE Admin. Code 1006. Requirements for Notice to the Commission Concerning the Intent to Incur Certain Short-Term Indebtedness](https://www.frixlaw.com/law-library/statutes/STATE_DE_ADC_T26_1006.md)
- [26 Del. Admin. Code § 1007 26 DE Admin. Code 1007. Establishments by the Commission of a Format for Reporting by Utilities of Accidents Involving Any Personal Injury or Fatality in Compliance with 26 Del.C. §213](https://www.frixlaw.com/law-library/statutes/STATE_DE_ADC_T26_1007.md)
- [26 Del. Admin. Code § 1009 26 DE Admin. Code 1009. Regulations Implementing the Water Utility Distribution System Improvement Charge (“DSIC”) and the Utility Facility Relocation Charge (“UFRC”)](https://www.frixlaw.com/law-library/statutes/STATE_DE_ADC_T26_1009.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DE_ADC_T26_1003. Check the current official text before relying on it. Not legal advice.