The rate of return that the federal and/or state government allow a public utility to earn on its investments and expenditures. Utilities then use these profits to pay investors and provide adequate service upgrades to its customers.
FAIR RATE OF RETURN
Meaning of FAIR RATE OF RETURN in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012