rate base
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 287 U.S. 488 - Wabash Valley Electric Co. v. Young · 1933Most cited · 108 citing opinions
Normally, the unit for rate-making purposes, we may assume, would be the entire interconnected operating property of a utility used and useful for the convenience of the public in the territory served, without regard to particular groups of consumers or local subdivisions. But conditions may be such as to require or permit the fixing of a smaller unit.