A practical reference to regulatory decisions and utility law.
This edition gathers decisions from public service commissions and courts to illuminate how utilities are valued and regulated. It focuses on the methods used to determine rate bases, working capital, and the value of going concern.
Designed for students, lawyers, commissioners, and utility professionals, the book presents concrete tests, standards, and example calculations drawn from early 20th-century cases. It helps readers understand how valuation and jurisdiction are addressed in practice, with notes on the use of franchise and rate ordinances and the limits of contractual obligations.
- Valuation principles for public utilities, including rate base and property value questions.
- Going value and development costs as elements in valuation.
- Working capital determinations for gas, electric, water, and telephone utilities.
- Judicial and regulatory considerations on obligations, contracts, and jurisdiction.
Ideal for readers of regulatory law, public utilities history, or professional practice in rate cases and commissions.