Public Utility Rate Fixing; Comments on Current Problems Pertaining to Public Utilities and to Rate Fixing (Paperback)


This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918. Excerpt: ... CHAPTER IV DETERMINATION OF THE VALUE OF REAL ESTATE IN EMINENT DOMAIN PROCEEDINGS All possible Uses Must Be Considered While the writer can not accept as final the apparent requirement of the courts that value of the property used and useful is the proper basis of the calculation when the earnings of a public utility are to be fixed by regulation, he can not but admit that until there is a reversal of the attitude of the courts this requirement must be complied with and that, therefore, when the value of land is under consideration in a rate case the same principles of valuation must control as in the case of a sale or of condemnation proceedings. The fact seems to be well established that when land is required for some purpose for which it may be taken under eminent domain proceedings, the inquiry must be directed to market value with due regard to every use for which the land is suitable. The question is not what the purchaser can afford to pay in view of the special purpose for which he wants the land but what in view of the land's adaptability for this together with all other possible uses it would bring in the market under the assumption of competition for its acquisition. The market value will ordinarily be determined by the highest use to which the land can be put, and in view of this fact a consideration of this highest use may make consideration of inferior uses unnecessary except to show that they stand low in the scale and that their exclusion from consideration will not affect market value. Sometimes of course the adaptability of a tract of land for a high use is recognized but the demand of society that it be put to that use lies in the future. While the land is, perhaps, peculiarly adapted for some special purpose, for example to serve as a...

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Product Description

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918. Excerpt: ... CHAPTER IV DETERMINATION OF THE VALUE OF REAL ESTATE IN EMINENT DOMAIN PROCEEDINGS All possible Uses Must Be Considered While the writer can not accept as final the apparent requirement of the courts that value of the property used and useful is the proper basis of the calculation when the earnings of a public utility are to be fixed by regulation, he can not but admit that until there is a reversal of the attitude of the courts this requirement must be complied with and that, therefore, when the value of land is under consideration in a rate case the same principles of valuation must control as in the case of a sale or of condemnation proceedings. The fact seems to be well established that when land is required for some purpose for which it may be taken under eminent domain proceedings, the inquiry must be directed to market value with due regard to every use for which the land is suitable. The question is not what the purchaser can afford to pay in view of the special purpose for which he wants the land but what in view of the land's adaptability for this together with all other possible uses it would bring in the market under the assumption of competition for its acquisition. The market value will ordinarily be determined by the highest use to which the land can be put, and in view of this fact a consideration of this highest use may make consideration of inferior uses unnecessary except to show that they stand low in the scale and that their exclusion from consideration will not affect market value. Sometimes of course the adaptability of a tract of land for a high use is recognized but the demand of society that it be put to that use lies in the future. While the land is, perhaps, peculiarly adapted for some special purpose, for example to serve as a...

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Product Details

General

Imprint

General Books LLC

Country of origin

United States

Release date

February 2012

Availability

Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.

First published

February 2012

Authors

Dimensions

246 x 189 x 3mm (L x W x T)

Format

Paperback - Trade

Pages

58

ISBN-13

978-1-150-47447-7

Barcode

9781150474477

Categories

LSN

1-150-47447-5



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