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In the event that the grantee shall seek to increase any rates
or charges for electrical energy and/or other commodities or services
provided pursuant to this franchise, it shall notify the Township
in writing at least 15 days before the effective date of such increase.
Such notice shall specify all changes in rates or charges sought by
the grantee. In the event that the Township does not agree to such
changes, it may, at its option, submit to binding arbitration under
the rules and procedures of the American Arbitration Association the
question of whether the proposed rates or charges are in compliance
with the criteria and limitations referenced in Section 8 above. Pending
outcome of such arbitration, grantee may institute such changes and
shall hold all funds represented by any rate or charge increase in
a special interest bearing escrow fund, for refund, in whole or in
part, with interest, if the result of the arbitration is to deny all
or part of the rate or charge increase.
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