ICC reparation vs. ratemaking
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 233 U.S. 479 - Baer Bros. Mercantile Co. v. Denver & Rio Grande Railroad · 1914Most cited · 45 citing opinions
That the two subjects of reparation and rates may be dealt with in one order is undoubtedly true. But awarding reparation for the past and fixing rates for the future involve the determination of matters essentially different. One is in its nature private and the other public. One is made by the Commission in its quasi judicial capacity to measure past injuries sustained by a private shipper; the other, in its quasi legislative capacity, to prevent future injury to the public.