Telluride Power Co. v. Public Utilities Commission

(after stating the facts as above).

(We cannot agree that any opinion of the United States Supreme Court sustains the proposition that in fixing fair and reasonable rates the customer’s ability to pay and the value of the service to him are paramount and controlling. If rates are so low as to be confiscatory of the utility’s property, they, are condemned by the Fourteenth Amendment. If they are so high as to yield a greater return on the value of the property used and useful in the service than other investments made with equal risk, they are unfair to the customer and should be reduced. He is…