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Excessive Rates Not Basis for Reparation
Publication year - 1986
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.1551-8833.1986.tb05826.x
Subject(s) - commission , value (mathematics) , business , mains electricity , law , political science , finance , engineering , mathematics , statistics , voltage , electrical engineering
An Illinois appellate court ruled that rates approved by the Illinois Commerce Commission cannot be termed excessive for the purpose of awarding reparations. Residents of Clarendon Hills had sought reparation from the Illinois Municipal Water Company after they purchased the water system, stating that if the village had already owned the water mains before the sale, that rates had been excessive because they reflected a return to the company on the value of assets not owned.