Section 94C. Whenever, in any proceeding before the department under section fourteen, ninety-two, ninety-two A, ninety-three, ninety-four, ninety-four A or ninety-four B, the reasonableness of any payment, charge, contract, purchase, sale, obligation or other arrangement between a gas or electric company and a company related to it as an affiliated company, as defined in section eighty-five, shall come into question, the burden of establishing and proving the reasonableness of such payment, charge, contract, purchase, sale, obligation or other arrangement shall be upon such gas or electric company.
For purposes of determining the value of an investment in an affiliated company, as defined by section eighty-five, in any proceeding before the department under the above named sections, the valuation shall be the lesser of the actual cost of the investment, as defined by the uniform system of accounts adopted by the department, or the net original cost of the property of the affiliate used and useful in providing service to the customers of the investing company.
Whenever the rates and charges of the affiliated company are regulated by the Federal Power Commission the department shall not establish rates and charges for the investing company which provide a higher return on the investment than that found to be fair and reasonable by the Federal Power Commission.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.