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Cessation of hostilities on November 11, 1918, did not, in any appreciable way, lessen the burden placed on the Commission by war’s abnormal demands. The coming of peace, on the contrary, so far as the Commission’s work was concerned, added new problems and developed new tests of the efficacy of utility regulation. War time demands gave way to peace time necessities. The “reconstruction period” carried its own peculiar problems and each was reflected in the work of the utilities. Labor shortage was replaced by labor unrest. Labor and material prices remained at a high level, the situation being aggravated by an uncertainty of movement that affected all utilities and made regulation a matter calling for the keenest attention and most careful application. As the Commission met the problems developed by the war and the unprecedented situations created by the governmental and private efforts to win the war, and, we believe, maintained for California utilities a soundness that was reflected in a most efficient operation, it met the newer conditions and by a continuation of its broad policy based on regard for the rights of the public, and fairness for the investor, and the utility, developed ...
Appendix to the Journals of the Senate and Assembly of the Forty-Fourth Session of the Legislature of the State of California
