THE MUNICIPALITY AS A UNIT IN RATEMAKING AND CONFISCATION CASES

Authors

Robert D. Armstrong, Member of the Indianapolis Bar

Abstract

The recent decision of the Supreme Court of the United States in the so-called Martinsville case has been interpreted by some critics as laying down a "municipal unit doctrine" of rate making, denying to a system utility the right to earn from its entire operations a fair return on the value of its entire property, and substituting therefor a "bundle of rights" to earn in each "municipality" served a fair return on the value of the property used and useful therefor.

Recommended Citation

Robert D. Armstrong, THE MUNICIPALITY AS A UNIT IN RATEMAKING AND CONFISCATION CASES, 32 Mich. L. Rev. 289 (1934).
Available at: https://repository.law.umich.edu/mlr/vol32/iss3/2