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 I. Introduction and general notes

Collection:: Economics Books

VALUATION, DEPRECIATION AND THE RATE-BASE CHAPTER 1 INTRODUCTION AND GENERAL NOTES Conflicting Views Relating to Procedure. — The need of har- monizing the conflicting views relating to the best methods of dealing with the establishment of rates that are to be charged by public service corporations for the service which they render or for the commodity which they supply is recognized by econo- mists and engineers. This need is the more pressing in view of the fact that the public, in exercising control over the opera- tion of the utility through properly constituted authority, may and no doubt frequently has established onerous and burden- some regulations, resulting at times in the confiscation of prop- erty. At any rate the limitations relating to permissible charges have frequently been such that the question of the reasonable- ness and sufficiency of these charges has been taken into court and the courts have reached certain conclusions from which there is apparently no appeal but concerning some of which the wisdom of permanent enforcement may well be called in question. Rapid progress is being made in recognizing the fundamental principles which should control when an appraisal of public service properties is to be made as a basis for the establishment of rates for service rendered. This subject is, however, today still in a controversial stage. The assembling of facts relat- ing to such fundamental principles as will be of service to the appraisers of operating plants of any character, whether used

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