A historical regulatory report on valuing Ohio’s public utilities, using the reproductive cost method and detailed inventories to ensure fair rates.
A Joint Committee was created in 1914 to determine principles for valuing public utility properties. It explains the reproductive cost new minus depreciation approach and outlines how inventories, depreciation, and other values should be calculated and reported to the Public Utilities Commission of Ohio.
The document presents the framework for order numbers and the process to collect, classify, and file asset data. It includes how land, physical property, rights-of-way, buildings, working capital, and overheads are to be treated in the valuation, and it discusses the actual inspection method as the preferred way to measure depreciation.
- How the reproductive cost method is defined and applied to public utilities.
- What the required inventories and valuations look like, including sections A–E.
- Why the actual inspection method is favored for depreciation and how to assess condition and remaining value.
- Which entities must file, by when, and how extensions are handled.
Ideal for readers of early regulatory history and professionals studying historic utility valuation practices.