(1) Reasonableness. Rates for household goods common carrier service must be just, reasonable, and not discriminatory. (2) Factors to be Considered. The Commission shall, in exercising its ratemaking powers consider, among other factors, the inherent advantages of transportation by a particular class of carriers, the public need for and interest in adequate and efficient transportation service, at rates consistent with provision of such service, and the revenue needs of carriers under honest, economical and efficient management. (3) Factors Not Considered. The Commission shall not, in exercising its ratemaking powers, consider the value of any operating authority held by a carrier, or the value of any goodwill or earning power connected with operations of the carrier.
625 ILCS 5/18c-3205
Ratemaking Standards
Known as the Illinois Commercial Safety Towing Law
The act spans §§ 625-5-10-201 to 625-5-7-216 (213 sections).
P.A. 89-444, eff. 1-25-96.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.