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.. (2) the rates last previously confirmed and approved on a final basis become effective under Section 903.22(d), (3) higher Substitute Rates are confirmed and approved on a final basis and placed in effect by the FERC under Section 903.22(e), (4) lower substitute Rates are confirmed and approved on a final basis by the FERC under 903.22(f), or (S) they are superseded by other Provisional Rates placed in effect by the Assistant Secretary, whichever occurs first. j Section 903.22 - Final Rate Approval (a) Following confirmation and approval of rates on an interim basis, the Provisional Rates shall be submitted promptly to the FERC for confirmation and approval on a final basis, together with such supporting data, studies and documents as the FERC may require, transcripts of forums, written answers to questions, written comments, and the statement of princi- pal factors leading to the Assistant Secretary's decision. A listing of current customers and other participants in the rate proceeding also shall be furnished. . (b) If the FERC confirms and approves Provisional Rates on a final basis, such confirmation and approval shall be effective as of the date such rates were placed in effect by the Assistant Secretary. (c) In the event Provisional Rates or Substitute Rates are disap- proved by the FERC, the Assistant Secretary shall develop, acting by and through the Administrator, and submit to the FERC Substitute Rates which take into consideration the reasons given by the FERC for its disapproval. A statement explaining the Assistant Secretary's decision shall accompany the submission. Prior to such submission, the Assistant Secretary and the Administrator may develop Proposed Substitute Rates on which, in the Admini- strator's judgment, further public comment should be invited, in which case the Administrator shall afford interested persons at least 30 days to submit written comments to the PMA and may convene one or more additional public information and/or public comment forums. The Administrator shall give Notice of any such additional forums and opportunity to submit written comments. . (d) A provisional Rate that is disapproved by the FERC shall remain in effect, until one of the events described in Section 903.2l(d) (3), (4), or (5) occurs; Provided, That if the Assistant Secretary does not file a Substitute Rate within 120 days of the disapproval or such greater time as the FERC may provide, and if the rate has been disapproved because the FERC determined that it would result in total revenues in excess of those requir- ed by law, the rate last previously confirmed and approved on a final basis wi11 become effective on a date and for a period determined by the FERC and revenues collected in excess of such rate during the interim period will be refunded with interest to the extent determined by the FERC. (e) If a Substitute Rate confirmed and approved on a final basis by the FERC is higher than the rate in effect on an interim basis, such higher rate shall become effective on a subsequent date set by the FERC. (f) In the case where a Substitute Rate confirmed and approved by the FERC on a final basis is lower than the rate in effect on an interim basis, . 61 r .