Maryland Statutes
Subtitle 2 - Rate Setting Proceedings
Section 4-206 - Rate Base -- Valuation

(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.

Structure Maryland Statutes