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Rate‐Making Should Be Based on Fair Value
Publication year - 1984
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.1002/j.1551-8833.1984.tb05252.x
Subject(s) - commonwealth , commission , statutory law , value (mathematics) , law and economics , law , economics , actuarial science , political science , mathematics , statistics
The Public Utility Commission's (PUC's) use of a criterion other than fair value for measuring the value of a regulated gas and water utility's property for rate‐making purposes violated both statutory and decisional mandates, according to the Commonwealth Court of Pennsylvania.