No member of the public utilities commission shall willfully overvalue the property of a public utility for the purpose of enabling such public utility to exact a higher rate for service than could lawfully be exacted, or willfully undervalue such property for the purpose of preventing such public utility from charging a lawful rate for such service.
Ohio Rev. Code Ann. § 4909.14
Wrongful valuation
Applied in 1 court decision — leading case Ranft v. Columbia Gas of Ohio, Inc. (1984)
Most recently applied in Ranft v. Columbia Gas of Ohio, Inc. (July 1984)
Effective: October 1, 1953; Latest Legislation: House Bill 1 - 100th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.