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§ 4-206. Investigations and determinations relating to fair value of property used

West's Annotated Code of MarylandPublic UtilitiesEffective: October 1, 2018

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 2. Rate Setting Proceedings (Refs & Annos)
Effective: October 1, 2018
MD Code, Public Utilities, § 4-206
Formerly cited as MD PUBLIC UTIL COMP § 4-206
§ 4-206. Investigations and determinations relating to fair value of property used
In general
(a) At any time, the Commission may investigate and determine the fair value of the property of a public service company used and useful in providing service to the public.
Finality of valuation
(b)(1) The valuation:
(i) is not final until the Commission:
1. serves on the public service company a copy of the order setting the proposed valuation and the method used to set the valuation; and
2. allows a reasonable time in which to file a protest; and
(ii) is final if a protest is not filed within the time specified in the order.
(2) If a timely protest is filed, the Commission shall enter a final valuation by order after hearing.
Final valuations as prima facie evidence
(c) All final valuations are prima facie evidence of value in proceedings under this division.

Credits

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998. Amended by Acts 2010, c. 52, § 1, eff. Oct. 1, 2010; Acts 2018, c. 219, § 1, eff. Oct. 1, 2018; Acts 2018, c. 220, § 1, eff. Oct. 1, 2018.
Formerly Art. 78, § 72.
MD Code, Public Utilities, § 4-206, MD PUBLIC UTIL § 4-206
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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