P.R. Laws tit. 27, § 1118
(a) The Commission shall have power to investigate and determine, for the purposes of this part, the value of the useful property used by any public service company or private carrier in the rendering of its services. To that effect it shall take into consideration the original cost of the property and depreciation thereof, and if necessary, such other valuation factors as, in its judgment, may bear relation to said value. These provisions shall not be construed to require the Commission to make use of any particular method or basis of valuation in those cases in which the latter deems it necessary and desirable to effectuate a valuation of the property for rating purposes.
(b) The Commission shall also have power to make revaluations of the property of any public service company or private carrier and to inquire into, establish and ascertain the value of new constructions, enlargements and additions thereto.
History —June 28, 1962, No. 109, p. 288, § 31, eff. 90 days after June 28, 1962.