IX. Fees

Whenever the Commission authorizes a utility to issue debt, the Commission is required to charge and collect a fee in accordance with § 1904(b). The fee for this financing authority as required by § 1904(b) is $2,226.¹⁸

¹⁸ The fee is assessed on $1,226,093 of authorized borrowing as follows: $2 times ($1,000,000/$1,000) plus $1 times ($226,093/$1,000) equals $2,226.