Public Utilities Reports, Volume 4Henry Clifford Spurr, Ellsworth Nichols Lawyers Cooperative Publishing Company, 1922 |
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Common terms and phrases
abstract additional allowance amount annual appears applicant authorized basis bonds Brookville capital cent certificate charge coal Commis Commission's company's complaint consideration construction consumers contract corporation County cubic feet December 31 decision defendant Denver depreciation reserve determined district dividends East Helena Eaton Rapids Electric Company Elizabethtown engineer estimated evidence fact fair value filed fixed franchise furnish Gas Company going value hearing included increase Interstate Commerce Commission investment issue Light & Power ment meters municipality one-man cars operating expenses overheads Pacific Electric Railway pany passengers petitioner plant Power Company preferred stock present protestant Public Service Commission Public Utilities Act purchase purpose Railroad Commission Railway Company rate base reasonable reproduction cost respondent revenue San Joaquin Company schedule sion Sound Transit statute subscribers sumers supply taxes Teleg Teleph Telephone Company testimony tion valuation Water Company
Popular passages
Page 332 - 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 192 - No person, or collection of persons, being of one of these departments, shall exercise any power, properly belonging to either of the others, except in the instances hereinafter directed or permitted.
Page 276 - Act over or by means of such additional or extended line of railroad, unless and until there shall first have been obtained from the Commission a certificate that the present or future public convenience and necessity...
Page 206 - They shall organize at once by the choice of one of their number as chairman, and one of their number as secretary. The...
Page 328 - The ascertainment of that value is not controlled by artificial rules. It is not a matter of formulas, but there must be a reasonable judgment, having its basis in a proper consideration of all relevant facts.
Page 327 - ... 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 244 - A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence.
Page 332 - ... 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 349 - The legislature cannot delegate its power to make a law; but it can make a law to delegate a power to determine some fact or state of things upon which the law makes, or intends to make, its own action depend. To deny this would be to stop the wheels of government. There are many things upon which wise and useful legislation must depend which cannot be known to the law-making power, and, must, therefore, be a subject of inquiry and determination outside of the halls of legislation.
Page 192 - Arkansas shall be divided into three distinct departments, each of them to be confided to a separate body of magistracy, to- wit: Those which are legislative to one, those which are executive to another, and those which are judicial to another.