The Town may regulate all rates and charges except to the extent it
is prohibited from doing so by law, and if the Town does exercise its rate
regulatory authority, no rate or charge may be imposed or increased without
the prior approval of the Town except such rates and charges that the Town
is prohibited from regulating. Subject to the foregoing, any change made without
prior approval is an illegal change, and a grantee is prohibited from requesting
or requiring a subscriber to pay an illegal rate as a condition of providing
service. This section shall not be construed to mean that any grantee has
consented or will consent to subject itself to rate regulation.
All rates that are subject to regulation by the Town must be reasonable.
The Town may adopt such regulations, procedures, and standards as it deems
necessary to implement rate regulation and may regulate rates by amendment
to this chapter, by a separate resolution or ordinance, by amendment to a
franchise agreement, or in any other lawful manner. This section shall not
be construed to mean that any grantee has consented or will consent to subject
itself to rate regulation.