| Show I Power Company I Desires To Give Best of Service Now Now as always we stand ready to cooperate with the commission com- com commission mission in m a no full determination of an all facts beao bearing upon our service I I to the people and upon the earn earn- earnings earnings ings of our company This was as the declaration of Geor George e M 11 Gadsby president and general manager of the too Utah Power 1 I Company in m with the Public Utilities Commis stun Slon last week tho the company's in the J pending rate II turf investigation inv The commission instituted the I on its own wn motion thel January January- 18 to determine if the l rates charged the tM public in Utah I ire re just and reasonable I Mr fr Gadsby said RId While we earnestly desire the to remove suspicion and clear elear the atmosphere for progressive action we hope to offer the public some something something thing more construction than a amere amere amere mere defense e and confidently ex- ex expect ex expect soon to see a joining of help helpful helpful ful influences which will start tart the industrial l forces to a returnIng prosperity A summary of the company's answer which includes statements It considers cital to the problem of ofa a consideration of rates I follows 1 The company's gross 5 revenue has dropped from JD in 1929 to 8 in 1933 a loss of nearly 3 2 Most Item items of cost do not go godown godown godown down with declining rev re- reen revenues en c but butare butare butare are hr largely ely uncontrollable Such economies and reductions as could be made resulted in savings of in 1933 compared with 1929 3 Ta Taxes ec excluding Jl income ome taxes of o the company have stead steadily fly Ily increased until in 1933 they mounted to 1 about one sIxth of its total operating revenues 4 1 Despite declining revenues the company has continuously maintained a high standard of service 5 The cost of cf living as of December 1933 was nc 35 per cent above the cost in m 1913 whereas the avera average price paid for residential teal electric service service- in 1933 was 45 per cent below 1913 6 Commodity prices now are steadIly advancing in line wIth PresIdent Roosevelt's effort to re restore restore restore store tho 1936 1926 commodity level 7 The national average rate for resIdential and farm service is 19 per cent above the avera average e on the company's system in Utah 8 The company's income has de decreased decreased decreased creased to the point wl w ere it 1 is far below a reasonable rate of re return return return turn upon any reasonable value which might be assigned to Its property 9 Any reduction of rites rates would result in further repletion of or th company's income and would ma tenall enhance the likelihood of 10 The company is red prepared promptly to proceed with the valuation of its s if It the commission so directs The small boy was much inter interested ested in m watching a bald headed man scratch the fringe of hair around the side of his had head The Theman Theman Theman man kept it ft up so long that te t boy finally reached and sail sad In a loud whisper Sap Siy Mister MI til you'll JOu never ne catch him that way vav Why don dent dont t you vou ou run hun him out in m the open |
