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Excerpt from Value for Rate-Making
Basis for Rates. - The determination of the value of property used in serving the public has become a very general requirement. The purpose of such determination is usually to permit the control of public utility properties through municipal, state or national regulatory bodies. Although this present commission form of regulation is a comparatively recent development, it is predicated upon the principle that private ownership may be compelled to provide adequate service at the lowest rates that will furnish a fair return upon the fair value of the property devoted to public service. It will, therefore, be recognized that the determination of property values, in connection with rate-making, is made primarily for the purpose of determining the amount of return to be allowed.
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Value for Rate-Making (Classic Reprint)
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Paperback. Zustand: New. Print on Demand. This book delves into the complex world of valuation for rate-making, particularly in the context of public utilities. It provides a comprehensive examination of the principles involved, legal rulings, and practical considerations in determining the fair value of properties used in serving the public. The author emphasizes the importance of considering both physical and intangible elements when determining value, and challenges some commonly held beliefs and practices in valuation. The book also underscores the significance of establishing correct principles for determining value, emphasizing that it is not only essential for utilities but also for customers to receive adequate service at fair rates. Proper valuation ensures efficient service, while inadequate valuation can lead to dissatisfaction and ultimately, loss of value. This book serves as a valuable resource for utility managers, regulators, and anyone seeking a deeper understanding of the intricate subject of valuation for rate-making. It offers practical guidance and thought-provoking insights into the complexities of determining the fair value of public utility properties. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781330649619_0
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