Wisconsin-Minnesota Light & Power Co. v. Railroad Commission

In this case the amount earned for the year ending October 31, 1921, applicable .to depreciation and return on invested capital was $24,073.10. The valuation of the property as fixed by the Commission was $390,225 as óf October 31, 1921, the date of the investigation. The Commission found that the utility was entitled to- earn eight per cent, return on invested capital and two per- cent, depreciation. It was entitled to net earnings of $39,022.50. We see no basis, .therefore, for the reasons stated in the Chippewa Falls Case, upon which the Commission could, acting within its authority, set…