Financial Implications of the Accident at Three Mile Island: Oversight Hearings Before the Subcommittee on Energy and the Environment of the Committee on Interior and Insular Affairs, House of Representatives, Ninety-seventh Congress, First Session, on Financial Implications of the Accident at Three Mile Island, Hearings Held in Washington, D.C., May 4 and 5, 1981
United States. Congress. House. Committee on Interior and Insular Affairs. Subcommittee on Energy and the Environment
U.S. Government Printing Office, 1981 - Insurance, Nuclear hazards - 917 pages
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accident action additional allowed amount annual authority average bankruptcy banks base basis believe bill Board bonds capacity capital Chairman charges cleanup Commission Company Congress construction continue Corporation costs Court cover coverage customers damage debt decision determination economic Edison effect electric energy ERTEL established estimated expense fact Federal filed force funds future Government hearing impact income increase industry interest investment investors issues JCP&L Jersey legislation liability limited major March Met-Ed million necessary Note nuclear operating options PaPUC payments Pennsylvania percent period plant possible premium present problem proceeding proposed protection Public Utilities purchase question ratepayers reactor reasonable reduce regulation regulatory replacement responsibility result risk safety securities share statement subsidiaries Three Mile Island unit
Page 339 - It is not theory but the impact of the rate order which counts. If the total effect of the rate order cannot be said to be unjust and unreasonable, judicial inquiry under the act is at an end.
Page 338 - The Constitution does not bind rate-making bodies to the service of any single formula or combination of formulas. Agencies to whom this legislative power has been delegated are free, within the ambit of their statutory authority, to make the pragmatic adjustments which may be called for by particular circumstances.
Page 212 - In a contiguous foreign country; and (C) The continued combination of such systems under the control of such holding company is not so large (considering the state of the art and the area or region affected) as to impair the advantages of localized management, efficient operation, or the effectiveness of regulation.
Page 405 - What the company is entitled to ask is a fair return upon the value of that which it employs for the public convenience. On the other hand, what the public is entitled to demand is that no more be exacted from it for the use of a public highway than the services rendered by it are reasonably worth.
Page 404 - Armstrong v. United States, 364 US 40, 49 (1960): "The Fifth Amendment's guarantee that private property shall not be taken for a public use without just compensation was designed to bar Government from forcing some people alone to bear public burdens which, in all fairness and justice, should be borne by the public as a whole.
Page 565 - SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the bank has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Page 336 - The thing devoted by the investor to the public use is not specific property, tangible and intangible, but capital embarked in the enterprise.
Page 333 - 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 sanctions must be the fair value of the property being used by it for the convenience of the public.
Page 96 - ... (8) to enter into contracts, to execute instruments, to incur liabilities, and to do any and all other acts and things as may be necessary or incidental to the conduct of its business and the exercise of all other rights and powers granted to...
Page 341 - By that standard the return to the equity owner should be commensurate with returns on investments in other enterprises having corresponding risks. That return, moreover, should be sufficient to assure confidence in the financial integrity of the enterprise, so as to maintain its credit and to attract capital.