Valuation of Public Service Corporations; Legal And Economic Phases of Valuation for Rate Making And Public Purchase
The book Valuation of Public Service Corporations; Legal And Economic Phases of Valuation for Rate Making And Public Purchase was written by author Robert Harvey Whitten Here you can read free online of Valuation of Public Service Corporations; Legal And Economic Phases of Valuation for Rate Making And Public Purchase book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Valuation of Public Service Corporations; Legal And Economic Phases of Valuation for Rate Making And Public Purchase a good or bad book?
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& T. Co. Com. L. 244, Febru- ary 4, 1913. § 1216] Discount on Bonds 1087 person were proposing to purchase the present plant, this item of cost of capital would form no part of the basis of the offer. § 1216. Wisconsin Commission. The case of City of Milwaukee v. The Milwaukee Electric Railway and Light Company^ involves the valuation of a street railway for rate purposes by the Wisconsin Railroad Commission. The Commission issued an order slightly reducing the existing rates of charge. The Com...mission holds that under certain circumstances a discount on bonds should undoubtedly be included as a portion of the intangible value of the property. Whether or not the discount is to be included as a portion of the property account will depend upon the interest rate allowed by the Commission. In the present case the Commission holds that its. allowance of a rate of return of about 7^/^ per cent, covering both interest and profits, is ample to allow for all expenses of sale, including any dis- count on the securities issued.
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