Show BILL PROPOSES YARDSTICK FOR UTILITY VALUE Con Committee of 9 Asks Measure for City- City Owned Plants Preparation of proposed legislation legislation legislation legisla legisla- tion which would create a yardstick yardstick yardstick yard stick to measure economic soundness soundness sound sound- ness ness of municipally owned electric utilities was announced Friday by byth bythe bythe the th state committee of nine The announcement followed publIcIzing publicizing publicizing pub pub- of a committee report on Thursday which criticised the state public service commission for as asserted asserted asserted as- as inactivity recommended more regulation of private utilities and stated publicly publicly- owned utilities appear to contribute a greater portion portion portion por por- tion of revenue t to communities than do private utilities The proposed bill would require Utah municipalities constructing owning or operating an electric power producing plant to make annual annual annual an an- nual reports to the state auditor setting forth cost of construction plant value maintenance and operation operation operation op op- op- op costs rates charged and received amounts from distribution or sale of power Accounting Required The auditor would require an accounting accounting accounting ac ac- ac- ac counting under a uniform classification classification classification cation system The reports would be open to public inspection The proposed bill will be presented present present- ed to the 1937 1931 legislative session the committee announced By such legislation it was explained explained ex ex- the state should be able to determine whether municipal plants are able to stand on their own or orare orare orare are in a f favored position over privately privately pH- pH owned utilities because of being being being be be- ing partially supported by taxation |