SB59: An Act To Amend Title 26 Of The Delaware Code Relating To Public Utilities And Utility Rates.

Legislative Summary

Public utilities are regulated monopolies. Practically speaking, a public utility has no competition in its service territory and, therefore, does not face the economic risks that a for-profit, non-utility company must face. By law, a public utility is authorized the opportunity to earn a reasonable rate of return on the costs it incurs in operating its business.