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

THE FIXING OF RATES 147% which the service is performed or to which the commodity is delivered, and whenever any common carrier, pipe line corpora- tion, gas corporation, electrical corporation, telephone corpora- tion, telegraph corporation, water corporation, wharfinger or warehouseman performs a service or delivers a commodity to the public or any portion thereof for which any compensation or payment whatsoever is received, such common carrier, pipe-line corporation, gas corporation, electrical corporation, telephone corporation, telegraph corporation, water corporation, wharfinger or warehouseman is hereby declared to be a public utility subject to the jurisdiction, control and regulation of the commission and the provisions of this act. F urthermore, when any person or cor- poration performs any service or delivers any commodity to any person or persons, private corporation or corporations, munici- pality or other political subdivision of the state, which in turn either directly or indirectly, mediately or immediately, perform such service or deliver such commodity to or for the public or some portion thereof, such person or persons, private corpora- tion or corporations and each thereof is hereby declared to be a public utility and to be subject to the jurisdiction, control and regulation of the commission and to the provisions of this act.” Public Service Control in New York. — In New York there has been for many years a Railroad Commission. In r1go3 a Commission was established for the contro] of gas and electric corporations. In 1907 these commissions were superseded by two public service commissions, which were not however given control over water companies. Public Service Control in Wisconsin. — In Wisconsin, too, the need for regulation of transportation rates first found expression in the creation of a railroad commission and, as in the case of California, the powers of this Commission were subsequently extended so that it is now a public service commission. This Commission exercises the same control over municipally owned utilities as over those which are privately owned. It has accom- plished much of the pioneer work in standardizing methods of procedure and its work is of great value in establishing the fun- damental principles of valuation as a basis for the fixing of rates. Public Service Control in Other States, — Many other states have public service commissions or railroad commissions with

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