§ 4–101
Statutes in effect as of October 1, 2026.
Md. Code Ann., Pub. Util. § 4-101 (2026)
Title 4. Rate Regulation
Subtitle 1. General Provisions
§ 4–101LinkCopy Citation
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.