§ 81.04.360. Excessive earnings to reserve fund
If any public service company subject to regulation by the commission as to rates and service earns in the period of five consecutive years immediately preceding the commission order fixing rates for such company a net utility operating income in excess of a reasonable rate of return upon the fair value of its property used and useful in the public service, the commission shall take official notice of such fact and of whether any such excess earnings were invested in such company's plant or otherwise used for purposes beneficial to the consumers of such company and may consider such facts in fixing rates for such company.
[2007 c 234 § 17; 1961 c 14 § 81.04.360. Prior: 1959 c 285 § 3; 1933 c 165 § 14; RRS § 10458-8.]
Sections: Previous 81.04.280 81.04.290 81.04.300 81.04.310 81.04.320 81.04.330 81.04.350 81.04.360 81.04.380 81.04.385 81.04.387 81.04.390 81.04.400 81.04.405 81.04.410 NextLast modified: April 7, 2009