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abstract actual additional allowed amount annual appears application authority basis Board capital cent charge claimed coal Commissioners company's complaint consideration considered Constitution construction consumers contract corporation cost court decision depreciation determine earnings effect electric engineer established estimated evidence exchange existing fact fair fare figures filed fixed follows franchise furnished further given going granted hearing held included increase interest investment issue jurisdiction less Light limited March matter meter method Michigan month municipality necessary operating expenses opinion original paid parties period plant present proceeding produce proper Public Service Commission public utility question Railroad railway rates reasonable receive regulation rendered reproduction result rules schedule served statute street subscribers supply Teleph Telephone Company tion United valuation York
Strana 690 - ... in order to ascertain that value, the original cost of construction, the amount expended in permanent improvements, the amount and market value of its bonds and stock, the present as compared with the original cost of construction, the probable earning capacity of the property under particular rates prescribed by statute, and the sum required to meet operating expenses, are all matters for consideration and are to be given such weight as may be just and right in each case.
Strana 690 - We hold, however, that the basis of all calculations as to the reasonableness of rates to be charged by a corporation maintaining a highway under legislative sanction must be the fair value of the property being used by it for the convenience of the public.
Strana 551 - It is clear that in ascertaining the present value we are not limited to the consideration of the amount of the actual investment. If that has been reckless or improvident, losses may be sustained which the community does not underwrite. As the company may not be protected in its actual investment, if the value of its property be plainly less, so the making of a just return for the use of the property involves the recognition of. its fair value if it be more than its cost.
Strana 578 - There has been no attempt to make an exhaustive statement of the principle involved, but in cases thus far decided, it has been settled that the orders of the Commission are final unless (1) beyond the power which it could constitutionally exercise; or (2) beyond its statutory power; or (3) based upon a mistake of law. But questions of fact may be involved in the determination of questions of law, so that an order, regular on its face, may be set aside if it appears that (4) the rate is so low as...
Strana 808 - What the company is entitled to demand, in order that it may have just compensation, is a fair return upon the reasonable value of the property at the time it is being used for the public.
Strana 242 - No public utility shall, with respect to any transmission or sale subject to the jurisdiction of the Commission, (1) make or grant any undue preference or advantage to any person or subject any person to any undue prejudice or disadvantage, or (2) maintain any unreasonable difference in rates, charges, service, facilities, or in any other respect, either as between localities or as between classes of service.
Strana 556 - The ascertainment of that value is not controlled by artificial rules. It is not a matter of formulas, but there must be a reasonable judgment, having its basis in a proper consideration of all relevant facts.
Strana 189 - ... to a reasonable average return upon the value of the property actually used in the public service and to the necessity of making reservation out of income for surplus and contingencies...
Strana 257 - The governor, and all other civil officers under this State, shall be liable to impeachment for any misdemeanor in office; but...
Strana 660 - A common carrier, railroad corporation or street railroad corporation organized or existing, or hereafter incorporated, under or by virtue of the laws of the state of Missouri, may issue stocks, bonds, notes or other evidences of indebtedness payable at periods of more than twelve months after the date thereof...