Depreciation of Public Utility Properties: And Its Relation to Fair Value and Changes in the Level of Prices (Classic Reprint) - Softcover

Henry Earle Riggs

 
9781330457795: Depreciation of Public Utility Properties: And Its Relation to Fair Value and Changes in the Level of Prices (Classic Reprint)

Synopsis

This book, published in 1922, explores the controversies surrounding the regulation of public utilities in the United States. Early legislation in response to unethical practices by railroad companies led to the creation of governing commissions with the power to regulate rates, accounting methods, and service provision. The author, an engineer with decades of experience in valuation work for both regulated utilities and public regulating bodies, examines core principles established in landmark court cases through the early decades of the 20th century. He discusses the crucial need for accounting practices that maintain the integrity of a utility's investment and ensure service continuity. The text also considers valuation methods in light of price fluctuations during World War I, emphasizing the importance of using fair and reasonable prices to avoid over- or under-valuing utility assets. The book offers valuable insights for understanding the historical development of public utility regulation and the continuing importance of fair valuation and accounting practices in ensuring reliable and affordable services for consumers.

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