The authority shall not operate or construct any project for profit except insofar as any such profit will inure to the benefit of the public. The authority shall fix the rates, fees, and charges consistent with this declaration of policy such as will produce revenues only in amounts sufficient, together with all other funds of the authority, to pay principal and interest on bonds and obligations of the authority, to provide for maintenance and operation of the authority and of its projects, and to maintain such reserves as shall have been created in amounts sufficient in the judgment of the authority for the security of the bonds and for the improvement, replacement, or expansion of the facilities or services of the authority or to provide fuel for its generating projects.
(Ga. L. 1975, p. 107, § 12.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 64 Am. Jur. 2d, Public Utilities, § 73 et seq.
C.J.S.- 29 C.J.S., Electricity, § 34.
ALR.
- Variations of electric utility rates based on quantity used, 67 A.L.R. 821.
Disposition of revenues from operation of revenue-producing enterprise owned by municipal corporation, 103 A.L.R. 579; 165 A.L.R. 854.
Right to cut off supply of electricity or gas because of nonpayment of service bill or charges, 112 A.L.R. 237.
Validity of "fuel adjustment" or similar clauses authorizing electric utility to pass on increased cost of fuel to its customers, 83 A.L.R.3d 933.
Advertising or promotional expenditures of public utility as part of operating expenses for rate-making purposes, 83 A.L.R.3d 963.