confiscatory rate
A utility rate set so low by the government that the utility company cannot realize a reasonable return on its investment. [Cases: Public Utilities 129. C.J.S. Public Utilities §§ 35, 38–41, 57.]
A utility rate set so low by the government that the utility company cannot realize a reasonable return on its investment. [Cases: Public Utilities 129. C.J.S. Public Utilities §§ 35, 38–41, 57.]