(220 ILCS 5/15-507)
Sec. 15-507.
Joint rates and routes.
(a) Establishment
by carriers. Two or more common carriers by pipeline may
establish through routes and joint rates, provided that
the rates, divisions, and practices relating thereto
are just, reasonable, and not discriminatory.
(b) Establishment by the Commission. The Commission
may, on its own motion, petition, or complaint, where
2 or more carriers by pipeline have failed to establish
through routes, joint rates, divisions, and practices
relating thereto, establish such routes, rates, divisions,
and practices. The Commission shall take this action
only after notice and a hearing to consider whether the
proposed routes, rates, divisions, and practices are just,
reasonable, and not discriminatory, whether a carrier
has a reasonable objection to establishment of the
routes, rates, divisions, and practices, and whether the
objections can be satisfied by imposing reasonable terms
and conditions on the application of the routes, rates,
divisions, and practices.
(Source: P.A. 89-42, eff. 1-1-96.)
|