Appraisal of property of utility provider

(1) The Commission may by appraisal from time to time ascertain the value of the property of any public utility provider and may enquire into every fact which in its judgment has any bearing on that value, including the amount of money actually and reasonably expended in that undertaking in order 31 to furnish service reasonably adequate to the requirements of the public served by the company. (2) All expenses in connection with any appraisal ordered by the Commission, including all expenses incurred in connection therewith by the public utility provider whose property is the subject of such appraisal, may, when the Commission so directs, be charged to capital account and added to the rate base of the public utility provider.