rate base

noun

: 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

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Cite this Entry

“Rate base.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/rate%20base. Accessed 25 Apr. 2024.

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