Biennial Report |
Contents
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Common terms and phrases
1926 Income Statement-Total 1927 Income Account-Total 1928 Income Statement-Operating Accounts payable Accounts receivable Balance Sheet-Assets Balance Sheet-No figures Balance transferred Barre Brattleboro Burlington Capital stock Cash Company History-Respondent corporation incorporated deductions from gross deficit Depreciation reserve Ending December 31 Fixed capital Green Mountain Power gross corporate income Gross income History Respondent Income Account-Total operating Income Statement-Operating revenue Income Statement-Total operating Johnsbury Laws of Vermont Light & Power Long term debt Mass Montpelier motor bus operations Net income Notes payable Operating income Petition re motor Power Company Principal Officers-President Profit and loss Profit and loss-Surplus Public Service Commission Railway operating rates Rutland Statement-Total operating revenues Telephone Company Total accrued liabilities Total appropriations Total assets Total current assets Total current liabilities Total deductions Total deferred Total liabilities Total operating ex Total operating expenses Total reserves Total revenue deductions Total stock liability transferred to profit transferred to surplus Vice President York City
Popular passages
Page 50 - The property is held in private ownership and it is that property, and not the original cost of it, of which the owner may not be deprived without due process of law.
Page 50 - ... 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 37 - Where the instrument is payable at a fixed period after date, after sight, or after the happening of a specified event, the time of payment is determined by excluding the day from which the time is to begin to run, and by including the date of payment.
Page 50 - 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. We do not say that...
Page 50 - It is impossible to ascertain what will amount to a fair return upon properties devoted to public service without giving consideration to the cost of labor, supplies, etc., at the time the investigation is made. An honest and intelligent forecast of probable future values made upon a view of all the relevant circumstances, is essential. If the highly important element of present costs is wholly disregarded such a forecast becomes impossible. Estimates for tomorrow cannot ignore prices of today.
Page 49 - Missouri Ex. rel. Southwestern Bell Telephone Company v. Public Service Commission, 262 US 276.
Page 32 - That in prescribing this system of accounts, the Commission does not commit itself to the approval or acceptance of any item set out in any account, for the purpose of fixing rates or in determining other matters before the Commission.
Page 81 - If any railroad subject hereto, directly or indirectly, or by any special rate, rebate, drawback, or other device, shall charge, demand, collect, or receive from any person, firm, or corporation a greater or less compensation for any service rendered or to be rendered by it than it charges, demands, collects, or receives from any other person, firm or corporation for doing a like and contemporaneous...
Page 49 - We hold, however, that the basis of all calculation 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 11 - Commission shall have jurisdiction on due notice to hear, determine, render judgment, and make orders, and decrees in all matters provided for in the charter of any railroad corporation or in the statutes of this state relating to railroads, and shall have like jurisdiction in all matters respecting: . . . V.