Guam § 12118 - Just and Reasonable Defined.
Full text of Guam Guam Code Annotated § 12118 — Just and Reasonable Defined., with citation guidance and answers to common questions.
§ 12118. Just and Reasonable Defined.
The term >>just and reasonable== as used in this Article is
defined as that rate, charge or assessment cost which enables the
public utility to repay its debts, finance its obligations, finance its
capital improvement needs and cover all its operating expenses.
This Section shall have no application to Article 2 of this
Chapter.
Frequently Asked Questions About Guam § 12118
What does Guam Code Annotated § 12118 cover?
Section 12118 ("Just and Reasonable Defined.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 12118?
A common citation format is "Guam Code Annotated § 12118" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 12118 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.