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§ 4-302. Common carriers

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 3. Specific Rate Regimes (Refs & Annos)
MD Code, Public Utilities, § 4-302
Formerly cited as MD PUBLIC UTIL COMP § 4-302
§ 4-302. Common carriers
Currentness
Operating ratio defined
(a)(1) In this subsection, “operating ratio” means the relationship of common carrier expenses to common carrier operating revenues.
(2) In considering proper revenue under subsection (b)(3) of this section, the Commission shall determine a fair and equitable operating ratio.
Factors in setting just and reasonable rate
(b) In setting a just and reasonable rate for common carriers, and classifications, regulations, and practices relating to common carriers, the Commission shall consider, among other factors:
(1) the inherent advantages of transportation by common carriers;
(2) the need, in the public interest, of adequate and efficient transportation services by common carriers at the lowest cost consistent with furnishing these services; and
(3) the need of revenues sufficient to enable common carriers to provide these services under honest, economical, and efficient management.

Credits

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998.
Formerly Art. 78, § 69.
MD Code, Public Utilities, § 4-302, MD PUBLIC UTIL § 4-302
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.
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