(a) In determining rates charged by a municipal plant, the Public Utility Commission shall
allow, in addition to all other factors, a reasonable rate of return on capital investments.
The return shall be commensurate with that permitted private utilities having corresponding
risks and equivalent to that necessary for private utilities to ensure confidence
in the financial integrity of the enterprise so as to maintain its credit and attract
new capital.
(b) Revenue received as a return on capital investment shall be retained by the municipal
utility and held in a contingent fund for use by it in that or any subsequent fiscal
year. (Added 1973, No. 186 (Adj. Sess.), § 1, eff. March 30, 1974; amended 2023, No. 85 (Adj. Sess.), § 412, eff. July 1, 2024.)
In Re Vill. of Hardwick Elec. Dep't, 466 A.2d 1180 (Vt. 1983). · cites it 2דIn its appeal, petitioner contends (1) that the Board misconstrued 30 V.S.A. § 2923 when it established the rate of return allowed to petitioner, (2) that the Board failed to make adequate findings of fact, and (3) that the Board erred in ordering refunds to be made prior to the…”
In Re Vill. of Stowe Elec. Dep't, 367 A.2d 1056 (Vt. 1976). · cites it 2דThe Board allowed a rate of return on equity by treating retained earnings as capital investment.”
In Re Petition of Burlington Elec. Light Dept., 373 A.2d 514 (Vt. 1977). · cites it 2ד30 V.S.A. § 2923(a) allows municipals a rate of return commensurate with that granted private utilities.”
In Re Vill. of Stowe Elec. Dep't, 367 A.2d 1056 (Vt. 1976). “The Board allowed a rate of return on equity by treating retained earnings as capital investment.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.