§ 4–206
Statutes in effect as of October 1, 2026.
Md. Code Ann., Pub. Util. § 4-206 (2026)
Title 4. Rate Regulation
Subtitle 2. Rate Setting Proceedings
§ 4–206LinkCopy Citation
(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.
(b)
(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.