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Failure to Consider AVIC Declared Arbitrary
Publication year - 1990
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.1551-8833.1990.tb06915.x
Subject(s) - capital (architecture) , commission , value (mathematics) , law and economics , water utility , economics , political science , law , actuarial science , mathematical economics , engineering , mathematics , history , statistics , water supply , archaeology , environmental engineering
The failure of a public utility commission to consider the adjusted value of invested capital (AVIC) in determining what constituted a fair return in fixing a utility's water and sewer rates was arbitrary and capricious, according to the Court of Appeals of Texas.