1. (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.

2. (b)

   1. (1) The valuation:

      1. (i) is not final until the Commission:

         1. 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. 2. allows a reasonable time in which to file a protest; and
      2. (ii) is final if a protest is not filed within the time specified in the order.
   2. (2) If a timely protest is filed, the Commission shall enter a final valuation by order after hearing.
3. (c) All final valuations are prima facie evidence of value in proceedings under this division.

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998. Amended by Acts 2010, c. 52, § 1, eff. Oct. 1, 2010; Acts 2018, c. 219, § 1, eff. Oct. 1, 2018; Acts 2018, c. 220, § 1, eff. Oct. 1, 2018.

Formerly Art. 78, § 72.