Vermont § 2923 - Rate of return

Full text of Vermont Vermont Statutes Online § 2923 — Rate of return, with citation guidance and answers to common questions.

§ 2923. Rate of return

  • (a) In determining rates charged by a municipal plant, the Public Utility Commission shall
    allow, in addition to all other factors, a reasonable rate of return on capital investments.
    The return shall be commensurate with that permitted private utilities having corresponding
    risks and equivalent to that necessary for private utilities to ensure confidence
    in the financial integrity of the enterprise so as to maintain its credit and attract
    new capital. (b) Revenue received as a return on capital investment shall be retained by the municipal
    utility and held in a contingent fund for use by it in that or any subsequent fiscal
    year. (Added 1973, No. 186 (Adj. Sess.), § 1, eff. March 30, 1974; amended 2023, No. 85 (Adj. Sess.), § 412, eff. July 1, 2024.)

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Frequently Asked Questions About Vermont § 2923

What does Vermont Statutes Online § 2923 cover?

Section 2923 ("Rate of return") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 2923?

A common citation format is "Vermont Statutes Online § 2923" (Vermont). 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 Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 2923 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.