Hardin-Wyandot Lighting Co. v. Public Utilities Commission

The utility urges that the commission erred in denying its request for valuation and appraisal of all its property used and useful as of a date certain. The prices prepared and unit costs submitted by the utility were as of May 1, 1923. The utility contends vigorously that, because the valuation and appraisal which had been made in a former proceeding was considered in the instant case, namely, an appraisal and valuation made in a proceeding dating from June 20, 1921, based on an average of prices for the five preceding years, instead of upon actual prices at or about May 1, 1923, there was…