Page Depreciation and Appreciation 90 The depreciation problem Mathematical demonstration of deficiency of ordinary formulas Determination of the current replacement is essential Appreciation in relation to rates Appreciation referred to in court and Public Service Commission decisions The Interstate Commerce Commission has difficulty in dealing with appreciation Treatment of Depreciation and appreciation compared. CHAPTER VI The Value of a Water Right 101 Recognition of valueR egional cost of development considered Strategic value Water power development should be encouraged The life of the right affects its value Earnings create value The San Francisco rate case Comparison with other water rights Mutual water company stock sales as an aid in determining the value of water rights The enhanced value of irrigated land in relation to the value of water rights The obligation to supply water at less than cost. CHAPTER VII The Rate of Return 121 Protection of the investment Other factors besides the rate of return on the legitimate investment Rate of return defined The obligation of the public when it regulates Rate of return illustrations The Spring Valley Water Company rate case. CHAPTER VIII The Rate Schedule 135 Unit prices to consumers not uniformS ome problems for consideration The unearned increment as a factor Determining factorsT he remission of taxes Rates for electric energy Gas and Water rates Street oar fare The zone systemE ssentials in street car operation The railroad rate scheduleT he long and short haul question Artificial competition with water transportation The government ownership problem. CHAPTER IX The Public Utility Rate Base .151 Value as a rate base illogical The natural rate basoR estrictions imposed by court decisions Appreciation and the rate base. CHAPTER XF air Value and the Rate Base, by C. E. Grunskv, Jr., Capt. U. S. X. A .: .15
(Typographical errors above are due to OCR software and don't occur in the book.)
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