Valuation of Public Service Corporations: Legal and Economic Phases of Valuation for Rate Making and Public Purchase, Volume 2Banks Law Publishing Company, 1912 - 798 pages |
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Common terms and phrases
actual cost allowance amount annual appreciation basis capital Cedar Rapids cent Circuit Court City Commission says Commissioners consideration considered Consolidated Gas Consolidated Gas Co corporation cost of reproduction Cost-of-reproduction-new depreciation determining earnings elements engineering entitled equity erty estimated fact fair return fair value February 22 fixed franchise Gas and Electric Gas Light going concern going value included income increase interest during construction investment Iowa Supreme Court Knoxville Water Co market value ment method Minnesota Minnesota Railroad Northern Pacific Railway operating expenses opinion original cost overhead charges pany physical Pioneer Telephone present value Public Service Commission public utility question railroad appraisal Railway Company Rate of return rate purposes real estate reproduction cost road special master Spring Valley street railway Supreme Court Telephone theory tion value for rate Water Company water plant Water Rate Wisconsin Railroad Commission York Public Service
Popular passages
Page 36 - And in order to ascertain that value, the original cost of construction, the amount expended in permanent improvements, the amount and market value of its bonds and stock, the present as compared with the original cost of construction, the probable earning capacity of the property under particular rates prescribed by statute, and the sum required to meet operating expenses, are all matters for consideration, and are to be given such weight as may be just and right in each case.
Page 607 - What the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public.
Page 25 - ... grant to it, the power to construct and maintain a public highway simply for its benefit, without regard to the rights of the public. But it is equally true that the corporation performing such public services and the people financially interested in its business and affairs have rights that may not be invaded by legislative enactment in disregard of the fundamental guarantees for the protection of property.
Page 667 - There is no particular rate of compensation which must in all cases and in all parts of the country be regarded as sufficient for capital invested in business enterprises. Such compensation must depend greatly upon circumstances and locality ; among other things, the amount of risk in the business is a most important factor, as well as the locality where the business is conducted and the rate expected and usually realized there upon investments of a somewhat similar nature with regard to the risk...
Page 718 - We hold, however, that the basis of all calculations as to the reasonableness of rates to be charged by a corporation maintaining a highway under legislative sanction must be the fair value of the property being used by it for the convenience of the public.
Page 108 - ... and we concur with the court below in holding that the value of the property is to be determined as of the time when the inquiry is made regarding the rates. If the property which legally enters into the consideration of the question of rates has increased in value since it was acquired, the company is entitled to the benefit of such increase.
Page 408 - If, however, a company fails to perform this plain duty and to exact sufficient returns to keep the investment unimpaired, whether this is the result of unwarranted dividends upon over-issues of securities, or of omission to exact proper prices for the output, the fault is its own. When, therefore, a public regulation of its prices comes under question the true value of the property then employed for the purpose of earning a return cannot be enhanced by a consideration of the errors in management...
Page 465 - The difference between a dead plant and a live one is a real value, and is independent of any franchise to go on, or any mere good will as between such a plant and its customers.
Page 575 - The value of property, generally speaking, is determined by its productiveness — the profits which its use brings to the owner. Various elements enter into this matter of value. Among them we may notice these : Natural richness of the soil as between two neighboring...
Page 447 - The true value of a line of railroad is something more than an aggregation of the values of separate parts of it operated separately. It is the aggregate of those values plus that arising from a connected operation of the whole...