RCW 81.04.360
135 words·~1 min read·
/wa/title-81/chapter-81-04/81-04-360·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any public service company subject to regulation by the commission as to rates and service earns in the period of five consecutive years immediately preceding the commission order fixing rates for such company a net utility operating income in excess of a reasonable rate of return upon the fair value of its property used and useful in the public service, the commission shall take official notice of such fact and of whether any such excess earnings were invested in such company's plant or otherwise used for purposes beneficial to the consumers of such company and may consider such facts in fixing rates for such company.
[ 2007 c 234 s 17 ; 1961 c 14 s 81.04.360 . Prior: 1959 c 285 s 3 ; 1933 c 165 s 14 ; RRS s 10458-8.]