Commission Leaflets: Recent Commission Orders, Rulings and Decisions from the Following States, Edições 121-126

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Página 966 - If a different course were pursued the only method of providing for replacement of property which has ceased to be useful would be the investment of new capital and the issue of new bonds or stocks. This course would lead to a constantly increasing variance between present value and bond and stock capitalization — a tendency which would inevitably lead to disaster either to the stockholders or to the public, or both.
Página 967 - If, however, a company fails to perform this plain duty and to exact sufficient returns to keep the investment unimpaired, whether this is the result of unwarranted dividends upon over-issues of securities, or of omission to exact proper prices for the output, the fault is its own. When, therefore, a public regulation of its prices comes under question the true value of the property then employed for the purpose of earning a return cannot be enhanced by a consideration of the errors in management...
Página 1181 - The doctrine arose that the investors were entitled to receive the equivalent of a "fair return" on the "fair value" of the property "used and useful
Página 570 - Obsolescence or inadequacy resulting from age, physical change, or supersession by reason of new Inventions and discoveries, changes In popular demand, or public requirements, and (c) Losses suffered through destruction of property by extraordinary casualties.
Página 965 - The commission may, from time to time, ascertain and determine and by order fix the proper and adequate rates of depreciation of the several classes of property of each public utility.
Página 1280 - Vista, with interest thereon at the rate of eight per cent per annum, payable semi-annually on the first day of March, and the first day of September in each year...
Página 1081 - Is entitled to such revenue as will, under competent management, afford it a reasonable return upon the fair value of the property used In the public service. The Public Utility Act makes it the duty of the Public Service Commission to carry out these principles.
Página 966 - A water plant, with all its additions, begins to depreciate in value from the moment of its use. Before coming to the question of profit at all the company is entitled to earn a sufficient sum annually to provide not only for current repairs but for making good the depreciation and replacing the parts of the property when the}- come to the end of their life.
Página 980 - Our social system rests largely upon the sanctity of private property, and that State or community which seeks to invade it will soon discover the error in the disaster which follows.
Página 540 - Commission shall fix a time and place for a public hearing upon such application and shall thereupon give reasonable notice in writing to the Governor of each of the States in which the physical property affected, or any part thereof, is situated, and to the State commission having jurisdiction over telephone companies, and to such other persons as it may deem advisable. After such...

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