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The article investigates the application of current prices in financial statements for utility plant valuation.

Electric Utility Plant Replacement Costs.

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This article explores current price valuation methods for utility plant replacement costs, indicating a gap in practical applications.

The article investigates the application of current prices in financial statements for utility plant valuation.
Examines the differences between current price and historical cost accounting methods.
Discusses regulatory agencies' role in adjusting utility plant valuations.
Analyzes the various methods of rate base evaluation including original cost and fair value.
Highlights the lack of practical examples of current price adjustments in financial statements.
Describes key valuation methods used by regulatory agencies like reproduction cost and fair value.
Finds that fair value is a blend of original and reproduction costs that considers current prices.

John Leslie Livingstone (1967) studied this question.

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