North Carolina General Statutes 62-45. Determination of cost and value of utility property
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Terms Used In North Carolina General Statutes 62-45
- Commission: means the North Carolina Utilities Commission. See North Carolina General Statutes 62-3
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
- public utility: except as otherwise expressly provided in this Chapter, shall not include the following:
The Commission, after notice and hearing, may ascertain and fix the cost or value, or both, of the whole or any part of the property of any public utility insofar as the same is material to the exercise of the jurisdiction of the Commission, make revaluations from time to time, and ascertain the cost of all new construction, extensions and additions to the property of every public utility. (1933, c. 307, s. 12; 1963, c. 1165, s. 1.)