What is CONFISCATORY RATES? Definition of CONFISCATORY RATES in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
For utility are rates which do not afford net return sufficient to preserve utility's property and to attract capital necessary to enable utility to discharge its public duties. Wichita Gas Co. v. Public Service Commission of Kansas, D.C.Kan., 2 F.Supp. 792, 799. Rates which do not afford a reasonable return on value of property at time it is used in public service. State v. Tri-State Telephone and Telegraph Co., 204 Minn. 516, 284 N.W. 294, 305.
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That's the definition of CONFISCATORY RATES in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
