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abstract actual additional allowance amount annual appears applicant authorized average base basis Board bonds capital cars cent charge Commission Commissioners company's complaint connection consideration considered construction consumers contract corporation cost County court decision defendant demand depreciation determined district effect electric engineer equipment established estimated evidence excess existing fact fair figure filed fixed follows furnish further given going granted hearing held included increase interest investment issue less Light March matter meters month necessary operating expenses opinion original paid pany period plant points Power Company present proceeding proper proposed Public Service Commission public utility purchase question Railroad Railway rates reasonable record rendered reproduction respondent result rules schedule securities served shows street supply telephone Telephone Company testimony tion unit valuation
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 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.