...Federal Power Commission v. Hope Natural Gas Co., 320 US 591, 601 (1944), where the Court reasons: "The heart of the matter is that rates cannot be made to depend upon 'fair owned by the carriers at their net book cost, depreciated. The Conference, in its petition, asails...

...value is reduced does not mean that the regulation is invalid. * * * It does, however, indicate that "fair value" is the end product of the process of...earnings under whatever rates may be anticipated. * * * It is not the theory but the impact of the rate order which counts. If the total effect of the...

...135, 155-157; Nebbia v. New York, 291 US 502, 523-539 and cases cited. It does, however, indicate that "fair value" is the end product of the process of rate-making not the starting point as the Circuit Court of Appeals held. The heart of the matter is that rates cannot be made to depend...

...basis of valuation in Federal Power Commission v. Hope Natural Gas Co., 320 US 591, 601, when it said, "The heart of the matter is that rates cannot be made...earnings under whatever rates may be anticipated." The pronouncement in the Hope case was directed to a situation where the demand for the service permitted...

...are fixed the value of its property is affected. For as we stated in the Hope Natural Gas Co. case, value is "the end product of the process of rate-making not the starting point." 320 US p. 601. When a natural^gas company which owns producing properties or a gathering system is...

...are fixed the value of its property is affected. For as we stated in the Hope Natural Gas Co. case, value is "the end product of the process of rate-making not the starting point." 320 US p. 601. When a natural-gas company which owns producing properties or a gathering system is...

...of appeals held. The lienrt of the matter is that rates cannot he made to depend upon "fair valne" when the value of the going enterprise depends on earnings under whatever rates may be anticipated. So, too, here, price cannot be made to depend upon price. Price is the end product sought. It cannot...

...reduced does not mean that the regulation is invalid (citations omitted). It does, however, indicate that "fair value" is the end product of the process of ratemaking not the starting point as the circuit court of appeals held. The l>eart of the matter is that rates cannot be made to depend...

...Federal Power Commission v. Hope Natural Gas Co., 320 US 591, 601 (1944), where the Court reasons: "The heart of the matter is that rates cannot be made to depend upon 'fair owned by the carriers at their net book cost, depreciated. The Conference, in its petition, asails...

...(l944). - 69 exclude any reproduction cost element from the rate base. The Court upheld the PPC, stating: The heart of the matter is that rates cannot be made...earnings under whatever rates may be anticipated. l55/ The Court further stated that "[r]ates which enable the company successfully, to maintain its...