In fixing the percentage rates of gross operating revenue to be paid by companies under RCW 81.24.010, 81.24.020, and 81.24.030, the commission shall consider all moneys then in the public service revolving fund and the fees currently to be paid into such fund, to the end that the fees collected from the companies, or classes of companies, covered by each respective section shall be approximately the same as the reasonable cost of supervising and regulating such companies, or classes of companies, respectively.
RCW 81.24.050
Fees to approximate reasonable cost of regulation.
Applied in 2 court decisions — leading case 93 Wash. 2d 398 - State ex rel. Burlington Northern, Inc. v. Washington Utilities & Transportation Commission (1980)
Most recently applied in 93 Wash. 2d 398 - State v. UTILITIES & TRANSP. COMM'N (April 1980)
1983 c 3 s 206; 1961 c 14 s 81.24.050
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.