Every rate made, demanded or received by any public utility shall be just and reasonable. Every unjust or unreasonable rate shall be prohibited. The Public Utilities Commission is hereby authorized, empowered and directed to regulate all rates, fees and charges for the public utility service of all public utilities, including penalty for late payments, to the end that the public shall pay only just and reasonable rates for service rendered.
S.D. Codified Laws § 49-34A-6
Rates to be reasonable and just--Regulation by commission
Applied in 1 court decision — leading case In Re Declaratory Ruling of Northwestern Public Service Co. (1997)
Most recently applied in In Re Declaratory Ruling of Northwestern Public Service Co. (April 1997)
Source: SL 1975, ch 283, § 16.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.