# Public Utilities (GPU)

## Title 4. Rate Regulation

### Subtitle 2. Rate Setting Proceedings

#### Section 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.

(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.

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Md. Code Ann., Pub. Util. (as displayed at mgaleg.maryland.gov, October 16, 2026)