Ch. 141                                    1995 LAWS OF MARYLAND

(E) NOTWITHSTANDING THE PROVISIONS OF SUBSECTION (A) OF THIS
SECTION OR ANY OTHER PROVISION OF LAW TO THE CONTRARY, THE COMMISSION
MAY REGULATE A TELEPHONE COMPANY BY MEANS OF AN ALTERNATIVE FORM
FORMS OF REGULATION, WHICH MAY INCLUDE. BUT ARE NOT LIMITED TO. THE USE
OF PRICE REGULATION, REVENUE REGULATION, RANGES OF AUTHORIZED
RETURN. RATE OF RETURN. CATEGORIES OF SERVICES. OR PRICE INDEXING. IF IT
FINDS, AFTER NOTICE AND HEARING, THAT THE ALTERNATIVE FORM OF
REGULATION PROTECTS CONSUMERS BY. AT A MINIMUM. PRODUCING AFFORDABLE
AND REASONABLY PRICED BASIC LOCAL EXCHANGE SERVICE. AS DEFINED BY THE
COMMISSION. AND BY ENSURING THE QUALITY. AVAILABILITY. AND RELIABILITY
OF TELECOMMUNICATIONS SERVICES THROUGHOUT THE STATE; ENCOURAGES THE
DEVELOPMENT OF COMPETITION, PROTECTS CONSUMERS; AND IS IN THE PUBLIC
INTEREST.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1995.

Approved May 9, 1995.

CHAPTER 141
(House Bill 53)

AN ACT concerning

Public Service Commission Law - Telephone Companies - Alternative Forms of

Regulation

FOR the purpose of authorizing the Public Service Commission to regulate a telephone
company by means of an alternative form of regulation, subject to certain
conditions.

BY repealing and reenacting, with amendments,
Article 78 - Public Service Commission Law
Section 69

Annotated Code of Maryland
(1991 Replacement Volume and 1994 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 78 - Public Service Commission Law

69.

(a) "Just and reasonable rates" means rates which are not in violation of any of
the provisions of this article, which fully consider and are consistent with the public good,
and which will result in an operating income to the public service company, except

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