{"data":{"id":"us-md/md.-code-public-utilities-4-101","jurisdiction":"us-md","citation":"Md. Code, Public Utilities § 4–101","heading":"","body":"In this title, “just and reasonable rate” means a rate that:\n(1) does not violate any provision of this article;\n(2) fully considers and is consistent with the public good; and\n(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.","path":["Article - Public Utilities"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gpu\u0026section=4-101","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:00:28Z","sha256":"b09df02daebfb7001d77791c71ff0ee59121dc88b82b2afc2aada8432d1c96f3","source_id":"us-md","stale":false,"prev":"us-md/md.-code-public-utilities-3-209","next":"us-md/md.-code-public-utilities-4-102"},"notice":"GroundRules: Original legal text. Not legal advice."}