1. (1) does not violate any provision of this article;
2. (2) fully considers and is consistent with the public good; and
3. (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.

In this title, “just and reasonable rate” means a rate that:

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998.

Formerly Art. 78, § 69.