legal Definition of rate base
:the total fair value of public utility property that is used in rendering services and that comprises the investment on which a fair rate of return is based in setting utility rates
-
Trending Now:
More Trending:
- dotage, dotard otherwise federalism bodega carceral
- ALL
What's Trending Now
More Trending Words
Law Dictionary
rate base
noun
People Are Reading
Learn More about rate base
-
Dictionary: Definition of rate base
Seen and Heard
What made you want to look up rate base? Please tell us where you read or heard it (including the quote, if possible).
Writing? Check your grammar now!