...just to the owner and to the public. The rate is fair when Its application will yield a fair return upon the reasonable value of the property at the time It is being used for the public. It Is unfair, when It does not yield such return. Knoxvllle v. Knoxville Water Co., 212 US 1, 29 Sup....

...reference to the valuation of complainant's water plant: It may be considered as established that it is the reasonable value of the property at the time it is being used for the public service, but how this value is to be ascertained, and what ele• Quoted above, § 25. ments are to...

..."present value"; in the same case on appeal to the United States Supreme Court 5 Justice Harlan refers to "reasonable value of the property at the time it is being used for the public"; this is quoted as settled law by Justice Holmes in 1903 6 and by Justice Peckham in 1909 in Willcox...

...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 by the public. Belying upon these cases, the Burlington's full position is that it is immaterial how...

...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 by the public. Relying upon these cases, the Burlington's full position is that it is immaterial how...

...streets of the city and lay down mains and use them to supply gas, subject to the legislative right to so regulate the price for the gas as to permit not more...business, upon the reasonable value of the property ot the time it is being used for the public. psc, 2d D. In this case it was claimed by the gas company...

..."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. The property may have cost more than it ought to have cost, and its outstanding bonds for money borrowed...

..."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." (2) The ascertainment of that value is not controlled by artificial rules. It is not a matter of formulas,...

...Willcox vs. Consolidated Gas Company (212 US 19), the same court said : There must be a fair return upon the reasonable value of the property at the time it is being used for the public. In order to determine the rate of return upon the reasonable value of the property at the time it is...

...in outside securities. As stated in the last section, the undertaking is entitled to a fair return upon the reasonable value of the property at the time it is being used by the public. It is necessary now to see whether these two methods of determining loss of value will...