US Laws, Codes, Statutes & Cases

     237.21 Valuation of telephone property. 

    In determining the value of any telephone property for ratemaking 
 purposes, no valuation shall be allowed upon the value of 
 any franchise granted by the state or any municipality where no 
 payment was or is being made to the state or municipality on 
 account thereof.  The requirement as to reasonableness of rates 
 shall apply to each exchange unit as well as to telephone plants 
 as a whole.  Provided, that in the case of a company operating a 
 telephone system consisting of more than one exchange in the 
 state, reasonableness of rates, as measured by earnings, shall 
 be determined by a reasonable return from the total operations 
 of the system within the state rather than by the return from 
 individual exchanges or services.  No telephone rates or charges 
 shall be allowed or approved by the commission under any 
 circumstances, which are inadequate and which are intended to or 
 naturally tend to destroy competition or produce a monopoly in 
 telephone service in the locality affected.  

    HIST: (5304) 1915 c 152 s 18; 1953 c 25 s 1,2; 1971 c 25 s 67; 
 1980 c 614 s 123; 1Sp2001 c 4 art 6 s 57 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.