Principles of Public Utility Rates

Frontmatter -- Preface -- Contents -- PART ONE. Basic Standards of Reasonable Rates -- I. THE PUBLIC UTILITY CONCEPT -- II. THE PUBLIC INTEREST AS THE ASSUMED GOAL OF RATE MAKING -- III. THE ROLE OF PUBLIC UTILITY RATES -- IV. COST OF SERVICE AS THE BASIC STANDARD OF REASONABLENESS -- V. VALUE OF SERVICE AS AN ANCILLARY STANDARD -- VI. COMPETITIVE PRICE AS A NORM OF RATE REGULATION -- VII. SOCIAL PRINCIPLES OF RATE MAKING -- VIII. FAIRNESS VERSUS FUNCTIONAL EFFICIENCY AS OBJECTIVES OF RATE MAKING POLICY -- IX. RATE-LEVEL STANDARDS AND RATE-STRUCTURE STANDARDS -- PART TWO. Fair-Return Standards of a Reasonable Rate Level -- X. CRITERIA OF A FAIR RETURN -- XI. THE RATE BASE: COST OR VALUE -- XII. THE RATE BASE: ACTUAL COST WITH OR WITHOUT ADJUSTMENT FOR PRICE-LEVEL CHANGES -- XIII. THE RATE BASE: ALLOWANCES FOR DEPRECIATION UNDER AN ACTUAL-COST STANDARD -- XIV. THE RATE BASE: REPLACEMENT COST AS AN ALTERNATIVE STANDARD -- XV. THE FAIR RATE OF RETURN -- PART THREE. The Rate Structure -- XVI. CRITERIA OF A SOUND RATE STRUCTURE -- XVII. MARGINAL COSTS, SHORT-RUN AND LONG-RUN -- XVIII. FULLY DISTRIBUTED COSTS -- XIX. DISCRIMINATION, DUE AND UNDUE -- XX. THE PHILOSOPHY OF MARGINAL COST PRICING -- PUBLICATIONS CITED IN FOOTNOTES -- TABLE OF CITED CASES -- INDEX