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 V. Elements which reduce value

Collection:: Economics Books

ELEMENTS WHICH REDUCE VALUE 83 made subject to the approval of competent representatives of those who are ultimately to pay the bills, and, in that case, there would be no question as to the propriety of including property held for future use. The only question would be whether the present rates should yield interest on the full in- vestment in such property or whether the owner should be required to carry the same, in whole or in part, for the benefit of the community until such time as the greater demand for the service and consequent greater earnings will justify the in- clusion of the property at cost, plus interest, plus such addi- tional amount as may be thought a fair profit allowance to the owner in each particular case. Approval of this character in the past has been out of the question. To a large extent it will be impractical, too, in the future. It frequently happens that the purpose of the acquisition of property must be kept under cover, because, if disclosed, the prices would become prohibitive. For this reason the publicity incidental to a pre- liminary approval by representatives of the public would often prove embarrassing. It will no doubt be suggested that con- demnation proceedings should be resorted to whenever prop- erty is to be acquired for the use of a public utility. No one who is familiar with the conduct and results of such proceedings in the courts of this country would be willing to admit the ad- visability of this procedure in all cases. The jury which is re- quired to base its findings on the evidence submitted in such proceedings frequently reaches conclusions that are not fair. Not until value of the property taken, and the amount of dam- age to remaining property, is made determinable by impartial experts, not selected by the litigants but appointed by the courts, will there be any hope of securing through court pro- ceedings, at a reasonable cost, the rights and properties that may be required by public utilities. Discussion of Overbuilt Plants by the Wisconsin R. R. Com- mission. — In the discussion of the value of the LaCrosse Gas and Electric Co. properties the Wisconsin R. R. Commission says (Wis. R. C. R,, Vol. 2, p. 5):

Access restriction

Copyright

fullscreen: Valuation, depreciation and the rate base

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation