For the purpose of encouraging economy, efficiency and improvements in methods of service any telephone utility may participate, subject to the approval of the Commission, to such extent as may be permitted by the Commission, in the additional profits arising from any economy, efficiency or improvement in methods or service instituted by such telephone utility.
S.C. Code Ann. § 58-9-330
Participation in profits from efficiency
Applied in 1 court decision — leading case South Carolina Cable Television Ass'n v. Public Service Commission (1993)
Most recently applied in South Carolina Cable Television Ass'n v. Public Service Commission (August 1993)
1962 Code SECTION 58-383; 1952 Code SECTION 58-383; 1950 (46) 2466.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.