54-4-21 - Valuation of public utilities. - Utah Statutes

54-4-21. Valuation of public utilities.
The commission shall have power to ascertain the value of the property of every publicutility in this state and every fact which in its judgment may or does have any bearing on suchvalue. The commission shall have power to make revaluations from time to time and to ascertainthe value of new construction, extensions, and additions to the property of every public utility;provided, that the valuation of the property of all public utilities doing business within this statelocated in Utah as recorded in accordance with Section 54-4-22 of this chapter shall beconsidered the actual value of the properties of said public utilities in Utah unless otherwisechanged after hearings by order of the commission. In case the commission changes the valuationof the properties of any public utility said new valuations found by the commission shall be thevaluations of said public utility for all purposes provided in this chapter.

No Change Since 1953