§ 4-101. "Just and reasonable rate" defined

Latest version.

   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.

HISTORY: An. Code 1957, art. 78, § 69(a); 1998, ch. 8, § 2.

                    
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