§ 1342 Rate orders of State agencies

§ 1342. Rate orders of State agencies

    The district courts shall not enjoin, suspend or restrain the operation of, or compliance with, any order affecting rates chargeable by a public utility and made by a State administrative agency or a rate-making body of a State political subdivision, where:

    (1) Jurisdiction is based solely on diversity of citizenship or repugnance of the order to the Federal Constitution; and,

    (2) The order does not interfere with interstate commerce; and,

    (3) The order has been made after reasonable notice and hearing; and,

    (4) A plain, speedy and efficient remedy may be had in the courts of such State.