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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 be refunded and but SO# forfeited, Shi* weans that 70# of the unrefunded advances, as represented by plant in service, have been deducted^ in establishing the rate base figures* The amounts so deducted are set forth in Tables E, F and 0. 1/ There are sharply differing views aa to the propriety of deducting any such construction advances. It is probably correct to say that the legal concept would call for an earning can the full amount of the investment without any deduction, aa the physical property is owned and operated by the Utility and is used In rendering the service* Contrasted with this Is the cost concept, wherein the customer receives full credit on monies advanced on all extensions that prove themselves to have been feasible.
