Section 23-4-1204 - Formula rate review - Authorized(a) A formula rate review is authorized to provide an annual streamlined review of a public utility's rates to determine if adjustments are needed to comply with this subchapter.(b) An electric cooperative corporation established under the Electric Cooperative Corporation Act, § 23-18-301 et seq., shall not be regulated by a formula rate review.Added by Act 2015, No. 725,§ 3, eff. 3/27/2015.