11 pages matching capitalization rate in this book
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actual adjustment allocation allowed American Company amount application assets AT&T average capitalization average net plant balance sheet Baumann Bell System Bell Telephone Company Bell's capitalization rate cash cent Commissioner common stock Company witness cost of capital cost of equity customers debt capital debt ratio demand notes depreciation determining Detroit disallowance dividend yield Dunn electric equity capital Exhibit 23 fact fair rate fair return federal income tax figures financial integrity funds hearing included industry inflation interstate Intervenor investors issues July 31 Lansing liabilities manufacturing companies Michigan Bell earnings Michigan Bell Telephone Michigan Public Service Michigan Utility Morton Potter present Public Service Commission public utility PUR 3d PUR NS rate base rate increase rate of return ratepayer reasonable regulatory result revenues risk Ryan separation shows Staff witness substantial Supreme Court telephone plant telephone service test period testimony Witness Hancock