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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
Currentness
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 through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document