...public equal to that generally being made at the same time and in the same general part of the country on investments in other business undertakings which...highly profitable enterprises or speculative ventures . 2. Throughout this analysis we cite Kolbe et al, 1984 for arguments on the cost of capital. There...

...to earn a return ... equal to that generally being made ... in the same general part of the country on investments in other business undertakings which are attended by corresponding risks); West Ohio Gas Co. v. Public Utilities Comm., 294 US 63 (1935) (waste or negligence must be established...

...are equal to that generally being made at the same time and in the same general part of the country on investments in other business undertakings which...attended by corresponding risks and uncertainties, (emphasis supplied) Second, as argued by Matson the comparable earnings test has evolved into a formula...

...that in the regulation of public utilities the constitutionally guaranteed fair return excludes the right "to profits such as are realized or anticipated...highly profitable enterprises or speculative ventures." Bluefield Water Works <& Improvement Co. v. Public Service Commission of West Virginia, 262 US 679...

...public equal to that generally being made at the same time and in the same general part of the country on investments in other business undertakings which...attended by corresponding risks and uncertainties"). Under the foregoing principles, proposals that would breach the regulatory compact by imposing a regime...

...public equal to that generally being made at the same time and in the same general part of the country on investments in other business undertakings which...attended by corresponding risks and uncertainties"). Under the foregoing principles, proposals that would breach the regulatory compact by imposing a regime...

...Water Works & Improvement Co. v. Public Serv. Comm'n, 262 US 679, 692-93 (1923) (finding that there is no constitutional right to profits such as are realized...or anticipated in highly profitable enterprises); Missouri ex rel Southwestern Bell Tel. Co. v. Public Serv. Comm'n, 262 US 276, 291 (1923) (Brandeis...