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Abandoned Plant Not Part of Rate Base
Publication year - 1994
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.1551-8833.1994.tb06281.x
Subject(s) - amortization , base (topology) , investment (military) , supreme court , rate of return , business , finance , economics , law , mathematics , political science , mathematical analysis , loan , politics
The Supreme Court of North Carolina ruled that the cost of a water utility's abandoned property may be recovered as operating expenses through amortization. However, the return on investment may not be recovered by including the unamortized portion of the property in the rate base.