The Valuation of Public Service Corporation Property
Transactions of the American Society of Civil Engineers,
vol. LXXII, June, 1911, ASCE 1190
"The Valuation of Public Service Corporation Property" by Henry Earle Riggs is a scientific publication written in the early 20th century. The work focuses on the complexities and methodologies involved in appraising the property of public service corporations, with an emphasis on ensuring accuracy and fairness in valuations. It is particularly relevant to engineers, policymakers, and individuals interested in the intersection of public interests and corporate operations. At the start of the text, Riggs discusses the significant challenges faced by engineers tasked with valuing properties owned by public service corporations. He outlines the necessity for such valuations from both a public interest perspective—where transparency and fair rates are imperative—and from a corporate necessity angle, which involves guiding investments and corporate transactions. Riggs highlights the evolving complexity of this specialized field, emphasizing the importance of systematic approaches to ensure that appraisals reflect the true value of properties, taking into account various economic factors and the relationships between the corporations and the public they serve.