Before the Public Utilities Commission of the State of California: Investigation on the Commission's own motion into rates, tolls, rules, charges, operations, practices, contracts, service and facilities of the Pacific Telephone and Telegraph Company: case no. 7409. Reporter's transcript, Volumes 32-34
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in their approach to California public utility stocks 11 and a reduction in the rate of return allowed Pacific 12 Telephone and Telegraph which alread...
Q Do you consider that Pacific Telephone is a growth 20 stock in view of the fact that California is a fast growing 21 state? 22 A I do not consider Pa...
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American Telephone Angeles answer AT&T Bank of America basis believe Bell System BLINCOE bonds Britt Burke capital clients COMMISSIONER H0L0B0FF COMMISSIONER HOLOBOFF common equity common stock compared consider corporation cost cross-examination Duff & Phelps dynamic earnings economy of California electric and gas electric utility industry enterprise EXAMINER DUNLOP factors figures firm funds going growth Harper higher important income increase investment investors Jacoby KARMA MARSHALL MILLER million operating opinion optimal profit rate Pacific Telephone percent Phelps Electric Average price-earnings ratio primarily electric companies PT&T PUBLIC UTILITIES COMMISSION QUESTIONS FOR CLARIFICATION rate base rate of return ratepayer record reference regulation regulatory relatively revenues risks San Diego San Francisco securities Southern California Edison speaking stockholders telecommunications Telegraph Company Telephone and Telegraph telephone company telephone industry Telephone's testimony Thank trust United California Bank utility companies WITNESS