Valuation, depreciation and the rate base

Bibliographic data

Monograph

Identifikator:: 174667931X

URN:: urn:nbn:de:zbw-retromon-119897

Document type:: Monograph

Author:: Grunsky, Carl Ewald http://d-nb.info/gnd/10180959X

Title:: Valuation, depreciation and the rate base

Edition:: 2. ed., revised and extended

Place of publication:: New York

Publisher:: Wiley

Year of publication:: 1927

Scope:: X, 500 Seiten

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. The fixing of rates

Collection:: Economics Books

146 VALUATION, DEPRECIATION AND THE RATE-BASE that the Railroad Commission of California is now in effect a public service commission. Sec. 23 of Art XII of the California Constitution now pro- vides: “ Every private corporation, and every individual or associa- tion of individuals, owning, operating, managing or controlling any commercial railroad, inter-urban railroad, street railroad, canal, pipe line, plant or equipment, or any part of such railroad, canal, pipe line, plant or equipment, within this State, for the transportation or conveyance of passengers or express matter, or freight of any kind, including crude oil, or for the transmission of telephone or telegraph messages, or for the production, gen- eration, transmission, delivery or furnishing of heat, light, water or power or for the furnishing of storage or wharfage facilities, either directly or indirectly, to or for the public, and every common carrier is hereby declared to be a public utility subject to such control and regulation by the Railroad Commission as may be provided by the Legislature, and every class of private corporations, individuals or association of individuals hereafter declared by the Legislature to be public utilities shall likewise be subject to such control and regulation. The Railroad Com- mission shall have and exercise such power and jurisdiction to supervise and regulate public utilities, in the State of Califor- nia, and to fix the rates to be charged for commodities furnished, or services rendered by public utilities as shall be conferred upon it by the Legislature, and the right of the Legislature to confer powers upon the Railroad Commission respecting public utilities is hereby declared to be plenary and to be unlimited by any provision of this Constitution.” The California Public Utilities Act by an amendment in effect August 10, 1913, provides: “ The Term ‘ public utility,” when used in this act, includes every common carrier, pipe line corporation, gas corporation, electrical corporation, telephone corporation, telegraph corpora- tion, water corporation, wharfinger and warehouseman, where the service is performed for, or the commodity delivered to, the public or any portion thereof. The term ‘ public or any portion thereof,’ as herein used, means the public generally, or any lim- ited portion of the public including a person, private corpora- tion, municipality or other political subdivision of the state, for

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