Valuation of Public Service Corporations: Legal and Economic Phases of Valuation for Rate Making and Public Purchase, Volumen2Banks Law Publishing Company, 1912 - 798 páginas |
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Página xviii
... basis in Des Moines , Iowa , Water Rate Case , 1910 . 499. One and seven - tenths per cent . allowance on sinking fund basis in Cedar Rapids , Iowa , Gas Rate Case , 1909 . 500. Two per cent . allowance in Chicago Gas Rate Report by ...
... basis in Des Moines , Iowa , Water Rate Case , 1910 . 499. One and seven - tenths per cent . allowance on sinking fund basis in Cedar Rapids , Iowa , Gas Rate Case , 1909 . 500. Two per cent . allowance in Chicago Gas Rate Report by ...
Página 5
... basis , while as to other elements the cost of reproduction may be a better indication of present fair value for rate purposes . Take for example the question of promotion and other prelimi- nary development costs . In a valuation for ...
... basis , while as to other elements the cost of reproduction may be a better indication of present fair value for rate purposes . Take for example the question of promotion and other prelimi- nary development costs . In a valuation for ...
Página 6
... basis for tax- ation will depend upon the tax laws . 2. Physical valuation does not , in general , appear to be a fully adequate basis for justifying existing capital , for such capital generally depends upon the historical development ...
... basis for tax- ation will depend upon the tax laws . 2. Physical valuation does not , in general , appear to be a fully adequate basis for justifying existing capital , for such capital generally depends upon the historical development ...
Página 10
... basis for taxation . But until that time comes talk of a common valuation is futile . The basis of taxation can be fixed by the legislature but the basis of a just and reasonable valuation for rate purposes or for condemnation purposes ...
... basis for taxation . But until that time comes talk of a common valuation is futile . The basis of taxation can be fixed by the legislature but the basis of a just and reasonable valuation for rate purposes or for condemnation purposes ...
Página 17
... basis . But owing , perhaps , to lack of accounts kept as above , the court decisions have given greater weight to cost of reproduction or cost of reproduction less depreciation than to actual cost in determining fair value for rate ...
... basis . But owing , perhaps , to lack of accounts kept as above , the court decisions have given greater weight to cost of reproduction or cost of reproduction less depreciation than to actual cost in determining fair value for rate ...
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Otras ediciones - Ver todas
Términos y frases comunes
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 dividends earnings elements engineering entitled erty estimated fact fair rate fair return fair value February 15 fixed franchise value Gas and Electric Gas Light going concern going value included income increase interest during construction investment land market value ment method Minnesota Minnesota Railroad Northern Pacific Railway operating expenses opinion original cost overhead charges pany Pioneer Telephone present value Public Service Commission public utility purchase question railroad appraisal Railway Company rate of return rate purposes reproduction cost road Special Master Spring Valley Stanislaus County street railway Supreme Court surplus Telephone terminals theory tion valuation for rate Water Company water plant Water Rate Wisconsin Railroad Commission York Public Service
Pasajes populares
Página 37 - ... 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. We do not say that there may not be other matters to be regarded in estimating the value of the property.
Página 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.
Página 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.
Página 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.
Página 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.
Página 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...
Página 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.
Página 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...
Página 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.
Página 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...