Sec. 18c-3205. Ratemaking Standards.
119 words·~1 min read·
/il/chapter-625/act-5/18c-3205A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 18c-3205. Ratemaking Standards.
(1)Reasonableness. Rates for household goods common carrier service must be just, reasonable, and not discriminatory.
(2)Factors to be Considered. The Commission shall, in exercising its ratemaking powers consider, among other factors, the inherent advantages of transportation by a particular class of carriers, the public need for and interest in adequate and efficient transportation service, at rates consistent with provision of such service, and the revenue needs of carriers under honest, economical and efficient management.
(3)Factors Not Considered. The Commission shall not, in exercising its ratemaking powers, consider the value of any operating authority held by a carrier, or the value of any goodwill or earning power connected with operations of the carrier.