...'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...

...Quoting from Wilcox vs. Consolidated Gas Company, 212 US 19, as follows: "There must be a fair return upon the reasonable value of the property at the time it is being used for the public. * * * If the property which legally enters in the consideration of the question of rates has increased...

...rendering the service 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. . . . No inflexible method for the ascertainment...

..."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." In Knoxville v. The Knoxville Water Co., 212 US, 1, Moody, J., said: "The first fact essential to the...

...entitled to demand," says the court, " 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." This adopts present value as the standard, but leaves unsettled how the reasonable value of the property...

...entitled to demand," says the court, " 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." This adopts present value 1 San Diego Land Co. v. National City, 174 US 739. [1899.] as the standard,...

...entitled to demand," says the court, " 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." This adopts present value 1 San Diego Land Co. v. National City, 174 US 739. [1899.] as the standard,...

...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...