A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Rate‐Making Regulations and Financing in West Virginia
West Virginia, instead of allowing a fair rate of return (as is done for privately owned utilities), allows a municipally owned utility to charge rates broad enough to produce sufficient funds to pay reasonable operating expenses (including depreciation), to service debt capital, and to provide sufficient surplus for needed additions or replacements. One of the major difficulties encountered by West Virginia in the regulation of municipally owned water systems has been the failure of the utilities to set aside a sufficient depreciation reserve to enable them to make replacements made necessary by the wearing out or obsolescence of equipment or facilities. It should be pointed out that under West Virginia law, funds generated by a municipal corporation's operation of utility services may not legally be expended for any purposes other than those directly related to the operation of the utility. Accounting records, rate‐making procedures and financing of improvements are also discussed.
Rate‐Making Regulations and Financing in West Virginia
West Virginia, instead of allowing a fair rate of return (as is done for privately owned utilities), allows a municipally owned utility to charge rates broad enough to produce sufficient funds to pay reasonable operating expenses (including depreciation), to service debt capital, and to provide sufficient surplus for needed additions or replacements. One of the major difficulties encountered by West Virginia in the regulation of municipally owned water systems has been the failure of the utilities to set aside a sufficient depreciation reserve to enable them to make replacements made necessary by the wearing out or obsolescence of equipment or facilities. It should be pointed out that under West Virginia law, funds generated by a municipal corporation's operation of utility services may not legally be expended for any purposes other than those directly related to the operation of the utility. Accounting records, rate‐making procedures and financing of improvements are also discussed.
Rate‐Making Regulations and Financing in West Virginia
Renick, Myron R. (author)
Journal ‐ American Water Works Association ; 52 ; 308-310
1960-03-01
3 pages
Article (Journal)
Electronic Resource
English
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