rate base
- It refers to the complete legitimate worth of a public utility's assets utilized to provide services. This value forms the basis for determining a reasonable return rate when formulating utility charges
- The city council evaluated the rate base of the public utilities before adjusting the prices for the following year.
- In regulating electricity costs, the energy commission considered the rate base of the power company.
- The rate base determined by the water company influenced the cost of water services for residents.
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