The Valuation of Public Utilities With Special Reference to Gas And Electric Pro
The Valuation of Public Utilities With Special Reference to Gas And Electric Pro
Paul Thelen
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If this work needs to be further sub- divided as a matter of expedition, the responsibility for Production Capi- tal can be given to an engineer who is familiar with machinery and its installation, while the mains which are involved in Transmission and Dis trinution Capital can be assigned to an engineer whose experience with hydraulic pipe lines has rendered him competent to discuss trenching, pipe laying, backfill, settling, replacing paving, etc. After the inventory of such tangible property... as can be found in the field is completed it becomes necessary to apply a unit price to each item in the inventory. In obtaining such unit prices for the column of Cost to Eeproduce, the engineer is guided largely by whichever theory he is fol- lowing in establishing the column of figures representing Cost to Eepro- duce. Inasmuch as these theories w'ill be discussed later on under the topic "Cost to Eeproduce, " the subject need not be pursued further here. We have said nothing so far about unit prices for the column of original cost.
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