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§ 4-101. Just and reasonable rate defined

West's Annotated Code of MarylandPublic Utilities

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division I. Public Services and Utilities [Titles 1-15] (Refs & Annos)
Title 4. Rate Regulation (Refs & Annos)
Subtitle 1. General Provisions (Refs & Annos)
MD Code, Public Utilities, § 4-101
Formerly cited as MD PUBLIC UTIL COMP § 4-101
§ 4-101. Just and reasonable rate defined
In this title, “just and reasonable rate” means a rate that:
(1) does not violate any provision of this article;
(2) fully considers and is consistent with the public good; and
(3) except for rates of a common carrier, will result in an operating income to the public service company that yields, after reasonable deduction for depreciation and other necessary and proper expenses and reserves, a reasonable return on the fair value of the public service company's property used and useful in providing service to the public.

Credits

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998.
Formerly Art. 78, § 69.
MD Code, Public Utilities, § 4-101, MD PUBLIC UTIL § 4-101
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document