§ 4-206
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/md/public-utilities/4-206A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–206.
(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.
(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.
(c)All final valuations are prima facie evidence of value in proceedings under this division.