Study of Operations Pursuant to the Public Utility Holding Company Act of 1935. Hearings Before the Securities Subcommittee of the Committeee on Interstate and Foreign Commerce ... on Operations Relative to Divestment of the Nebr. Power Co., of Omaha, Nebr. July 11-12, 1945; Statement on Behalf of the Bureau of Internal Revenue and Treasury Dept. Oct. 22, 1945; Statements on Behalf of Operating Companies and by Tax Accountants and Consultants |
Palavras e frases frequentes
agency ALLER amendment American Power amount assets Bonneville Bonneville Power Administration BOREN CALDER Chairman COHEN Commissioner OLDS common stock Congress consumers contract corporation County court DAWSON divestment earnings Edison electric utilities Exchange Commission fact Federal Power Act Federal Power Commission Government Guy Myers HARLESS HINSHAW Holding Company Act income investment investors issue kilowatt-hours KLINE Loup River Lyle H matter MCAFEE municipal MURPHY Nebraska Power Nebraska Power Co O'HARA Omaha Electric Committee operating company opinion original cost paid pany percent Power & Light preferred stock PRIEST public body public ownership public power district Public Service Public Utility Holding Puget Puget Sound purchase question RABIN rates RAVER referred regulation revenue bonds ROBINSON section 11 Securities and Exchange sell statement stockholders subsidiary taxpaying thing tion transaction Utility Holding Company
Passagens conhecidas
Página 443 - A public utility is entitled to such rates as will permit it to earn a return on the value of the property which it employs for the convenience of the public equal to that generally being made at the same time and in the same general part of the country on investments in other business undertakings which are attended by corresponding risks and uncertainties; but it has no constitutional right to profits such as are realized or anticipated in highly profitable enterprises or speculative ventures.
Página 524 - I would be less than frank if I did not say that some of the speeches which have been made on this and related subjects do not merit the same opinion.
Página 295 - (f) No provision in this Part shall apply to, or be deemed to include, the United States, a State or any political subdivision of a State, or any agency, authority, or instrumentality of any one or more of the foregoing, or any corporation which is wholly owned, directly or indirectly, by any one or more of the foregoing, or anv officer, agent, or employee of any of the foregoing acting as such in the course of his official duty, unless such provision makes specific reference thereto.
Página 443 - What annual rate will constitute just compensation depends upon many circumstances and must be determined by the exercise of a fair and enlightened judgment, having regard to all relevant facts. A public utility is entitled to such rates as will permit it to earn a return on the value of the property which it employs for the convenience of the public equal to that generally being made at the same time and in the same general part of the country on investments in other business undertakings which...
Página 190 - The provisions of this section shall not extend to a public utility organized and operating in a State under the laws of which its security issues are regulated by a State commission.
Página 720 - ... are physically interconnected or capable of physical interconnection and which under normal conditions may be economically operated as a single interconnected and coordinated system confined in its operations to a single area or region, in one or more States, not so large as to impair (considering the state of the art and the area or region affected) the advantages of localized management, efficient operation, and the effectiveness of regulation...
Página 97 - Public Utility Holding Company Act of 1935," and "Trust Indenture Act of 1939," mean those Acts, respectively, as heretofore or hereafter amended. (b) No provision in this title shall apply to, or be deemed to include, the United States, a State or any political subdivision of a State, or any agency, authority or instrumentality of any one or more of the foregoing, or any corporation which is wholly owned directly or indirectly by any one or more of the foregoing, or any officer, agent, or employee...
Página 227 - The committee will adjourn until 10 o'clock tomorrow morning. (Thereupon, at 4 : 35 pm, the committee adjourned until the following day, Wednesday, November 7, 1945, at 10 am) STUDY OF OPERATIONS PURSUANT TO THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935...
Página 245 - The Commission may permit as reasonably incidental, or economically necessary or appropriate to the operations of one or more integrated public-utility systems the retention of an interest in any business (other than the business of a publicutility company as such) which the Commission shall find necessary or appropriate in the public interest or for the protection of investors or consumers and not detrimental to the proper functioning of such system or. systems.
Página 200 - ... or indirectly, any material part of its income, are predominantly intrastate in character and carry on their business substantially in a single State in which such holding company and every such subsidiary company thereof are organized; or (2) Such holding company is predominantly a public utility company whose operations as such do not extend beyond the State in which it is organized and States contiguous thereto.