Nebraska § 70-725 - Rates for electric energy and other services; nonprofit operation.
Full text of Nebraska Revised Statutes of Nebraska § 70-725 — Rates for electric energy and other services; nonprofit operation., with citation guidance and answers to common questions.
§ 70-725. Rates for electric energy and other services; nonprofit operation.
Each corporation shall be operated without profit to its members, but the rates, fees, rents, or other charges, for electric energy, and any other facilities, supplies, equipment, appliances or services furnished by the corporation, shall be sufficient at all times (1) to pay all operating and maintenance expenses necessary or desirable for the prudent conduct of its business, and the principal of and interest on the obligations issued or assumed by the corporation in the performance of the purpose for which it was organized, and (2) for the creation of reserves.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 70-725
What does Revised Statutes of Nebraska § 70-725 cover?
Section 70-725 ("Rates for electric energy and other services; nonprofit operation.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. 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 Nebraska § 70-725?
A common citation format is "Revised Statutes of Nebraska § 70-725" (Nebraska). 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 Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 70-725 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska 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 Nebraska.