Section 4-206 - Rate base - Valuation(a) At any time, the Commission may investigate and determine the fair value of the property of a public service company used and useful in providing service to the public.(b)(1) The valuation: (i) is not final until the Commission: 1. serves on the public service company a copy of the order setting the proposed valuation and the method used to set the valuation; and2. allows a reasonable time in which to file a protest; and(ii) is final if a protest is not filed within the time specified in the order.(2) If a timely protest is filed, the Commission shall enter a final valuation by order after hearing.(c) All final valuations are prima facie evidence of value in proceedings under this division.Amended by 2018 Md. Laws, Ch. 220, Sec. 1, eff. 10/1/2018.Amended by 2018 Md. Laws, Ch. 219, Sec. 1, eff. 10/1/2018.