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Digital Provenance
Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
Publisher
University of Nevada, Las Vegas. Libraries
Transcription
advances will b® refunded and but 30^ forfaited. Tki» mean* that 7€^: of the unrefunded advances, as 7 represented by plant in service, have been deducted^ in * establishing the rate base figures, The asaountBoo deducted are set forth in Tables E, p and s* i 1/ There are sharply differing views as to the propriety' of deducting any such construction advances. It is probably correct to say that the legal concept would call for an earning on the full amount of tbs Investment without any deduction, as the physical property is owned and operated by the Utility and is used in rendering the service. Con* wasted with this is the cost concept, whsrsin the customer receives full credit on monies advanced on all extensions that prove themselves to have been feasible.
