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Story
August 18, 1926
The Milwaukee Leader
Milwaukee, Milwaukee County, Wisconsin
What is this article about?
In Portage, Wis., Republican gubernatorial candidate Charles B. Perry criticizes utility companies for overcapitalization, claiming it results in excessive rates for Wisconsin residents, and advocates for rates based on actual investments.
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CALLS UTILITY RATES TOO HIGH
PORTAGE, Wis.—Charging that people of Wisconsin are paying unjustifiable rates upon public utilities, Charles B. Perry, Republican candidate for governor, in a speech here last night declared that companies controlling these utilities are over capitalized.
"Based upon my investigations," he asserted, "it is my firm belief that people of Wisconsin have had saddled upon them an interest charge upon over capitalized utility issues in some cases so flagrantly in excess of actual investments, that the fact materially affects the charges made for service and rates."
Utility corporations are entitled to earn a reasonable return upon actual money invested in these enterprises. Our Wisconsin supreme court has sustained that a 7 per cent return upon money so invested is reasonable.
"All over our state there is going on a process by which the smaller water power concerns are being gradually assimilated into units of power control owned and controlled outside of the state.
Where they furnish service to the public the money actually invested should be the governing factor in fixing rates and service," he said.
PORTAGE, Wis.—Charging that people of Wisconsin are paying unjustifiable rates upon public utilities, Charles B. Perry, Republican candidate for governor, in a speech here last night declared that companies controlling these utilities are over capitalized.
"Based upon my investigations," he asserted, "it is my firm belief that people of Wisconsin have had saddled upon them an interest charge upon over capitalized utility issues in some cases so flagrantly in excess of actual investments, that the fact materially affects the charges made for service and rates."
Utility corporations are entitled to earn a reasonable return upon actual money invested in these enterprises. Our Wisconsin supreme court has sustained that a 7 per cent return upon money so invested is reasonable.
"All over our state there is going on a process by which the smaller water power concerns are being gradually assimilated into units of power control owned and controlled outside of the state.
Where they furnish service to the public the money actually invested should be the governing factor in fixing rates and service," he said.
What sub-type of article is it?
Historical Event
What themes does it cover?
Justice
Misfortune
Deception
What keywords are associated?
Utility Rates
Overcapitalization
Wisconsin Politics
Gubernatorial Candidate
What entities or persons were involved?
Charles B. Perry
Where did it happen?
Portage, Wis.
Story Details
Key Persons
Charles B. Perry
Location
Portage, Wis.
Event Date
Last Night
Story Details
Charles B. Perry, Republican candidate for governor, charges that Wisconsin utility companies are overcapitalized, leading to unjustifiably high rates, and calls for rates based on actual investments.