Some Features of Rate Fixing for Electric Public Service Properties
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In our eReader you can find the full English version of the book. Read Some Features of Rate Fixing for Electric Public Service Properties Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Some Features of Rate Fixing for Electric Public Service Properties
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For illustra- tion let us assume that in order to sell its bonds an enterprise must i)ay a return of 5% per cent on money received from the sale of bonds. This allows for some dis- count and commission on the usual 5 per cent bonds. If the proper return to stock- holders on their part of the investment (sum of items (a), (b) and (c), ) be set at 10 per cent, the average necessary return on the total investment, 75 per cent of which is rei)resented by bond money costing 5^^ per cent, and 25 per ...cent of which is money from stock which is to be allowed 10 per cent, becomes 6. 25 per cent. In making such a division in any particular case the exact financing of the utility under consideration should not be used, as it is obviously un- just to penalize a company for having a high credit, and for being able to sell bonds bear- in:^ a low rate of interest to the extent of perhaps 80 or 90 per cent of the total cost of say a particular extension. It is obvi- ously equally unfair to reward a company for having such poor credit that it may perhaps only be able to raise a quarter of its needed money from bonds and may be obliged to get from its stockholders the other three-quarters of the money needed.
What to read after Some Features of Rate Fixing for Electric Public Service Properties?
You can find similar books in the "Read Also" column, or choose other free books by George Luke Hoxie to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
For illustra- tion let us assume that in order to sell its bonds an enterprise must i)ay a return of 5% per cent on money received from the sale of bonds. This allows for some dis- count and commission on the usual 5 per cent bonds. If the proper return to stock- holders on their part of the investment (sum of items (a), (b) and (c), ) be set at 10 per cent, the average necessary return on the total investment, 75 per cent of which is rei)resented by bond money costing 5^^ per cent, and 25 per ...cent of which is money from stock which is to be allowed 10 per cent, becomes 6. 25 per cent. In making such a division in any particular case the exact financing of the utility under consideration should not be used, as it is obviously un- just to penalize a company for having a high credit, and for being able to sell bonds bear- in:^ a low rate of interest to the extent of perhaps 80 or 90 per cent of the total cost of say a particular extension. It is obvi- ously equally unfair to reward a company for having such poor credit that it may perhaps only be able to raise a quarter of its needed money from bonds and may be obliged to get from its stockholders the other three-quarters of the money needed.
What to read after Some Features of Rate Fixing for Electric Public Service Properties?
You can find similar books in the "Read Also" column, or choose other free books by George Luke Hoxie to read onlineMoreLess
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