§ 4-101
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/md/public-utilities/4-101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–101.
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.