Research Article
Jan 1949
Valuation and Depreciation of Public Utility Property
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VIEW THE REPLYPublication: Transactions of the American Society of Civil Engineers
Volume 114, Issue 1
Abstract
This paper reviews the status of the "fair value" and depreciation problems as they have been left by decisions of the United States Supreme Court in cases arising under the Natural Gas Act (315 US 575; 320 US 591; and 324 US 636), and concludes that the confusion in which they are enmeshed is deeper than ever. It is suggested that because of this confusion, and because of the inadequacy of currently accepted theories for the adjustments that will be required if the prospects of revolutionary developments in the field of power generation are realized, a general reconsideration of these problems by the engineering profess ion is appropriate.
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© 1949 American Society of Civil Engineers.
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Published in print: Jan 1949
Published online: Feb 10, 2021
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Maurice R. Scharff, M.ASCE
Cons. Engr., New York, N. Y.
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Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.