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apparatus arc lamp average boiler Boston Brooklyn building central station central-station CHAIRMAN EDKINS charge Chicago circuits Class Cleveland coal commercial Commonwealth Edison Company Section connected contract convention cost customers economic Edison Company efficiency elec Electric Company Electric Light Association electric service electric vehicles electrical energy employees engineering equipment Executive Committee Exhibition Franklin Institute furnished gentlemen heating horse-power Illuminating incandescent incandescent lamps increase industry installed Insull interest investment kilowatt kilowatt-hour Light Company lighting plant lines load manufacturers meeting membership ment meters mittee motor municipal plant National Electric Light Noblesville operation organization Overhead Line pany Philadelphia Philadelphia Electric Company pipes present PRESIDENT MCCALL Public Policy Committee Public Service Commission public utility pump railway regulation result Samuel Insull Secretary steam street lighting supply switch tion truck tungsten tungsten lamps turbines United various volts Westinghouse wire York City
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Página 49 - The elements usually available for consideration are the original cost of construction, the amount expended in permanent improvements and extensions, the reproduction cost and the same less depreciation, and the going value. In arriving at a fair and equitable appraisement of the physical structure, the Commission has considered, as more or less controlling, the reproductive...
Página 41 - The power of public utilities to issue stocks and stock certificates, and bonds, notes and other evidences of indebtedness and to create liens on their property situated within this state is a special privilege, the right of supervision, regulation, restriction and control of which is and shall continue to be vested in the state, and such power shall be exercised as provided by law and under such rules and regulations as the commission may prescribe.
Página 227 - going value" for rate purposes as involved in this case to be the amount equal to the deficiency of net earnings below a fair return on the actual investment due solely to the time and expenditures reasonably necessary and proper to the development of the business and property to its present stage, and not comprised in the valuation of the physical property.
Página 232 - Congress on this subject, as finally accepted by a sweeping majority of those present, provides as follows : (a) For a definite period, sufficient to be financially attractive to investors, the privilege should be irrevocable except for cause, reviewable by the courts: (b) Thereafter the privilege should continue subject to revocation in the absolute discretion of the government exercised through its administrative board or officer upon giving reasonable notice and upon payment of the value of the...
Página 44 - Upon the approval of the Commission, evidenced by its certificate of public convenience, first had and obtained, and not otherwise, it shall be lawful for any municipal corporation to acquire, construct, or begin to operate any plant, equipment or other facilities for rendering or furnishing to the public of any service of the kind or character already being rendered or furnished by any public service company within the municipality.
Página 41 - service," when used in this Act, is used in its broadest and most inclusive sense, and includes not only the use or accommodation afforded consumers or patrons, but also any product or commodity furnished by any public utility and the plant, equipment, apparatus, appliances, property and facilities employed by...
Página 232 - ... under (h). (c) After the expiration of the period provided for in (a) above, at recurring intervals of not more than ten years the amount of compensation to be paid to the Government for the privilege and all the terms and conditions of the grant during the next succeeding period of not more than ten years shall automatically come up for determination by the granting officer of the Government. (d) The privilege shall be unassignable except with the approval of the Government in order to safeguard...
Página 215 - Congress; and ;hey have done much to crystallize public sentiment in favor of regulation, both State and National, of the industry. We quote the following from the committee's report: "A grant of the right to use a water power, while differing in some details, is essentially similar to a grant of any other privilege or franchise from the Government. state or national, and its terms, regulations and control should be guided by essentially the same principles necessary to safeguard the rights of the...
Página 56 - Nothing in this act shall be taken to prohibit any public utility from itself profiting, to the extent permitted by the commission, from any economies, efficiencies or improvements which it may make, and from distributing by way of dividends or otherwise disposing of the profits to which it may be so entitled, and the commission is authorized to make or permit such arrangement or arrangements with any public utility as it may deem wise...
Página 24 - In addition to salaries and wages, includes the cost of supplies and materials used for ordinary repairs and replacement, advertising, fuel, mechanical power, electrical energy purchased, taxes...