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 37
... expenses ; what it will cost to obtain water , equal in quantity and quality to the present supply , from the next most available source ; the de- preciation suffered by that portion of the plant which is worn by use or action of the ...
... expenses ; what it will cost to obtain water , equal in quantity and quality to the present supply , from the next most available source ; the de- preciation suffered by that portion of the plant which is worn by use or action of the ...
Página 44
... expenses , would the original cost determine its value ? Would the cost of reproduction , new , or the depreciated value govern in such cases ? Clearly not . Having as a basis the physical value , the commission must turn to a ...
... expenses , would the original cost determine its value ? Would the cost of reproduction , new , or the depreciated value govern in such cases ? Clearly not . Having as a basis the physical value , the commission must turn to a ...
Página 45
... expenses will show the ability of the company to earn money as a going concern . No better evidence can be secured in this regard than the actual earnings and operating expenses . From a consideration of all of these and other facts ...
... expenses will show the ability of the company to earn money as a going concern . No better evidence can be secured in this regard than the actual earnings and operating expenses . From a consideration of all of these and other facts ...
Página 49
... expenses , and in case of a company doing interstate busi- ness it shall also ascertain the probable earning capacity of such company upon intrastate business and the sum required to meet fixed charges and operating expenses on ...
... expenses , and in case of a company doing interstate busi- ness it shall also ascertain the probable earning capacity of such company upon intrastate business and the sum required to meet fixed charges and operating expenses on ...
Página 61
... expenses , including necessary repairs and replacements . And there are others , or may be others , thus constructed and conducted , which , while able to earn operating expenses , are not able to earn any ap- preciable amount of ...
... expenses , including necessary repairs and replacements . And there are others , or may be others , thus constructed and conducted , which , while able to earn operating expenses , are not able to earn any ap- preciable amount of ...
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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...