Public Utility Valuation for Purposes of Rate Control

actual cost adjacent land value adjustment allowed amount applied appraisal basic Bluefield capital circumstances commission competitive conception confiscatory consideration considered constitutional construction consumers current assets current liabilities decision deduction definite depreciation depreciation reserve determination of fair earning power economic effect eminent domain erty established excessive fact factors fair return fair value fix rates franchise furnish going concern included Interstate Commerce Commission investment investors involved Judge judicial labor legislative action legislature limited lower court ment method obsolescence operating expenses opinion original cost particular physical property physical units plant present value price level procedure prop proper public control public interest public service public utility question railroad rate base rate control rate of return rates fixed reasonable recognized regard regulation reproduction cost Smyth specific standpoint sumers Supreme Court unit prices valuation for rate