Legal Definition and Related Resources of Rate Base
Meaning of Rate Base
In relation to public utility companies the term denotes its total investment, less appreciation, in property that is used and useful to the public in providing utility service during a given period . See Boston Edison Co. v Department of Public Utilities Mass., 375 N.E.2d 305. It consists of that utility property employed in providing the public with a service for which the Rates are charged and constitutes the investment on which the return is to be earned. L.S. Ayres & Co. v Indianna Bliss power and Light Co., (Ind.App.) 351 N.E.2d814.
Related Entries of Rate Base in the Encyclopedia of Law Project
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Rate Base in Historical Law
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Legal Abbreviations and Acronyms
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