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Mexico, Audrain County, Missouri
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Missouri's public service commission and other southwestern state utility/railroad boards will meet in Des Moines, Iowa, on June 6 to discuss using Interstate Commerce Commission's physical valuations for determining reasonable rates or conducting their own.
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Jefferson City.—The question of whether the public service commission of Missouri and other railroad or utility commissions of states embraced in what is known as the southwestern classification will accept the figures of the interstate commerce commission upon physical valuation as the basis for the determination of reasonable rates, or whether they will make their own valuation of utility properties, will be discussed at a meeting to be held at Des Moines, Ia., June 6.
The Des Moines meeting will be participated in by members of utility commissions or railroad boards of the states of Missouri, Iowa, Kansas, Oklahoma and states of the Southwest.
Under a law enacted by congress the interstate commerce commission is empowered to make physical valuations of the roads in any state. These figures are available for state authorities in the determination of rates. The Missouri commission, it is known, is undecided whether to ascertain the physical valuation of Missouri railroads itself or take the figures supplied by the agents of the interstate commerce commission.
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Story Details
Location
Des Moines, Ia.; Jefferson City; Missouri, Iowa, Kansas, Oklahoma, Southwest States
Event Date
June 6
Story Details
State utility and railroad commissions from southwestern states will meet to decide on using Interstate Commerce Commission's physical valuations for rate determination or making their own; Missouri commission undecided.