Business, Legal & Accounting Glossary
Percentage earnings a public utility is allowed to take under the local laws. The objective of such laws is to protect the utility’s consumers from extremely high utility charges while covering the utility’s needs, such as maintaining and upgrading its equipment, and the need to pay its investors and bond holders an acceptable rate of return.
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This glossary post was last updated: 20th November, 2021 | 0 Views.