In planning the modernization of a plant, the objective shall be to systematically replace and augment the older plant as rapidly as practical consistent with sound management judgment in meeting current customer service requirements and objectives.

Authority: Public Utilities Article, §§2-118, 2-121, and 5-101, Annotated Code of Maryland

Effective date: January 1, 1976 (Order No. 61496)

Regulation .03 amended effective January 23, 1981 (8:2 Md. R. 117)

Chapter revised effective March 18, 2013 (40:5 Md. R. 412)