Leadership

Decision in Princeton Rate Case

Issue 15 and Volume 59.

Decision in Princeton Rate Case The Public Service Commission of Indiana has officially announced its decision in a case against the Princeton Water & Lighting Company and fixed rates for that city, deciding that 7 per cent, return on the total value of the property of the utility was a reasonable earning. The original case was filed November 1, 1913, by the city of Princeton, and charged that excessive and unreasonable rates were charged. The commission fixed the value of the assets of the plant, both tangible and intangible, at $190,000. The actual physical value of the plant was fixed at $165,000, to which was added $5,000 for real estate values, making the total physical valuation $170,000. In addition to this sum the commission allowed $20,000 for working capital, material and supplies. The commission also determined that 1 per cent, of the value of the physical properties should be set…

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