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O.C.G.A. § 46-3-126 <-- --> O.C.G.A. §46-3-128

2010 Georgia Code

TITLE 46 - PUBLIC UTILITIES AND PUBLIC TRANSPORTATION

CHAPTER 3 - ELECTRICAL SERVICE
ARTICLE 3 - MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA
§ 46-3-127 - Policy as to nonprofit operation of projects by authority; fixing of rates, fees, and charges by authority

O.C.G.A. 46-3-127 (2010)
46-3-127. Policy as to nonprofit operation of projects by authority; fixing of rates, fees, and charges by authority


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.