The Setting of Allowed Rates of Return for Public Utilities (Classic Reprint)

The Setting of Allowed Rates of Return for Public Utilities (Classic Reprint) PDF

Author: Stavros B. Thomadakis

Publisher: Forgotten Books

Published: 2018-02-02

Total Pages: 54

ISBN-13: 9780267554270

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Excerpt from The Setting of Allowed Rates of Return for Public Utilities Regulation of public utilities usually involves the setting of maximum overall rates of return which the firms are allowed to earn. These rates are normally applied on some measure of the firm's rate base which is also deter mined by the regulators. Normally the rate base is some variant of the firm's book value. Through court decisions general standards have devel oped as to the spirit of regulation. The return allowed must be sufficient to attract capital in the market. It must be commensurate to returns enjoyed by firms which face corres ponding risks. The meaning of these general notions to the economist is fairly clear. Returns allowed must somehow reflect the opportunity costs of capital. (2) About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Public Utility Rates

Public Utility Rates PDF

Author: Harry Barker

Publisher: Forgotten Books

Published: 2017-10-29

Total Pages: 402

ISBN-13: 9780265910559

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Excerpt from Public Utility Rates: A Discussion of the Principles and Practice Underlying Charges for Water, Gas, Electricity, Communication and Transportation Services The author has felt that such a review of essential facts and principles can best be arranged by some third impartial party, such as an editor of an engineering journal being affiliated neither with a public-service corporation nor a regulating commission, but in touch with both and not confining all his attention to the field of one utility class. It seems reasonable that such a third party can most easily attempt to approach the several and conflicting viewpoints and can best endeavor to pick out the essential elements of the problems in the most nearly unbiased manner because free from the pursuit of petty details and the irritating distractions of daily administration. With the foregoing ideas in mind, the author has carefully studied the wealth of discussion that has come to him and he has very gradually formulated this presentation. It is admittedly incomplete and possibly defective, but it is hoped that continued open-minded study and discussion may enable the reader to bridge gaps and eliminate fallacies. It is only fair to all approaching the subject with Open mind, to warn them that some of the author's Opinions, while supported by the views of many eminent engineers and economists, are not yet accepted by some others equally promi nent. An attempt has been made where such divergence exists, to present the diverging ideas. Acknowledgment is here made to many prominent specialists in the several utility branches for their ready cooperation and frank criticism of the author's notes at various stages of growth. Their number and modesty prevent more complete and specific credit. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Reasonableness and Legal Right of the "Minimum Charge" In Public Utility Services (Classic Reprint)

Reasonableness and Legal Right of the

Author: Samuel S. Wyer

Publisher: Forgotten Books

Published: 2018-02-17

Total Pages: 88

ISBN-13: 9780656791316

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Excerpt from Reasonableness and Legal Right of the "Minimum Charge" In Public Utility Services N. H. P. S. C.-new Hampshire Public Service Commis sion Reports. N. J. P. S. C.-new Jersey Public Service Commission Reports. P. U. R. - Public Utility Reports Annotated. R. S. - Rate Research (published by National Electric Light Association). W. R. C. - Wisconsin Railroad Commission Reports. The asterisk indicates that data were furnished by mail from the Commission. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Some Features of State Regulation of Public Utilities (Classic Reprint)

Some Features of State Regulation of Public Utilities (Classic Reprint) PDF

Author: John H. Roemer

Publisher: Forgotten Books

Published: 2017-10-12

Total Pages: 28

ISBN-13: 9780265243206

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Excerpt from Some Features of State Regulation of Public Utilities In considering the obligation of those engaged in operating public utilities to serve the public, the courts generally seem to view the same as a duty imposedby specific charter or general legislative provision rather than as resting upon a common law right in the public arising out of the nature and character of the business. The latter basis is certainly the sounder, and, in the absence of any specific legislation on the subject, would, it is safe to say, if the situation should arise in any case at the present day, receive judicial recognition in any court, for in the last analysis the fundamental distinction between a public calling and a pri vate calling is an economic one. In the one case there is virtual monopoly in the other, virtual competition. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Cost of Capital

Cost of Capital PDF

Author: Shannon P. Pratt

Publisher: John Wiley & Sons

Published: 2003-02-28

Total Pages: 354

ISBN-13: 047143261X

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An authoritative text on cost of capital for both the nonprofessional and the valuation expert -- now revised and expanded In endeavoring to practice sound corporate finance, there is perhaps nothing so critical, nor slippery, as cost of capital estimation. The second edition of Cost of Capital: Estimation and Applications combines a state-of-the-art treatise on cost of capital estimation with an accessible introduction for the nonprofessional. This comprehensive yet usable guide begins with an exposition of basic concepts understandable to the lay person and proceeds gradually from simple applications to the more complex procedures commonly found in the marketplace. New features of the revised and expanded Second Edition include chapters on Economic Value Added (EVA) and reconciling cost of capital in the income approach with valuation multiples in the market approach, as well as expanded coverage of cost of capital in the courts and handling discounts for marketability. Cost of Capital remains an incomparable resource for all parties interested in effective business valuation.

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