In determining just, reasonable and sufficient rates the Commission shall give due consideration to the telephone utility's property devoted to the public service; the revenues received for the service; the reasonable operating expenses and other costs necessary to provide the service; the total earnings required for the proper discharge of the telephone utility's public duty; the capitalization of the telephone utility and the net income required on its net worth; and such other matters, circumstances and conditions as the Commission may find necessary. But the rates so fixed shall not be higher than necessary to give a fair return to the stockholders.
S.C. Code Ann. § 58-9-570
Factors which Commission shall consider in determining rates
Applied in 4 court decisions — leading case Porter v. SC PUBLIC SERVICE COM'N (1998)
Most recently applied in Porter v. South Carolina Public Service Commission (April 1999)
1962 Code SECTION 58-407; 1952 Code SECTION 58-407; 1950 (46) 2466.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.