| Show ity ty Moves to to Stop Damage Dam ge From I Wells Wells' r PRESENT NT TARIFF f FALLS All BELOW lOW COSTS T SAY SAi I OFFICIALS Spent in Three Three Years With Net Return of f but hut Attorney Declares b at Hearing E EXPENDITURE of I in the past three years upon I which there is is a total net Bet return I of only on-lY together wit with 11 the great price increase in th the materials used In hydro-electric hydro power pow Pow- I er production are important reasons reasons reasons' a according to John F F. MacLane l general general gen gen- I eral counsel fo for foz the Utah Light and Power why that company I Is s applying to The thc public utilities commission com com- com r mission for permission to increase Its I power rates PROTESTANTS APPEAR I The hearing opened this morning before the utilities commission with about twenty-five twenty protestants in at atI attendance at- at ten dance It was stated that the the company I wished to substitute four tour new r rate te Schedules which would re replace bout lace abo t tt t twenty or more r rate ite s sch d les lesi s i w on file tile with the commission Mr MacLane said It lt was a a. question of whether this industry that the company company com corn pany has been building up since September September Sep Sep- 1912 in the intermountain le- le w was s going to grow and continue to verve serve erv the increasing or or re- re malT as it stands He lie stat stated d that to carry this out would mean mel that at an in increase increase in in- crease Of from prom 3 to 10 In the th-e company's annual revenues must made madeA be made A report prepared b by George Georg B B. B Tho Thomas as who has been con connected con con- on with the company or its predecessors predecessors r for foi oJ th the past ten years rears was was as introduced introduced in in- in as exhibit No r-o. 2 by Mr 11 MacLane MacLane Mac- Mac Lane exhibit No No 1 f being a a map of ot of parts part's of ot Idaho and Utah showing the location of ot the the company's various various' properties and the source of ot water supply supply sup sup- sup ply VALUATIONS NOT READ Mr MJ Thomas read several parts of ot exhibit No 2 omitting the supplements which set forth the valuations the as nearly nearly nearly near near- ly as could be determined ed d of the company's properties which Mr l Mac Mac- MacLane MacLane Lane requested not be copied into the records of ot the utilities commission at this time lIe He stated that the valuatiOns valuations valuations excluded all costs of ot water rights and nd everything except actual fiscal exp ex ex expenditures x- x p In the history section of ot exhibit No Ko 2 it was wax stated that the Utah Light Power company was incorporated un under under under un- un der the laws of ot Maine l September er 6 1912 with a a capitalization of ot and that in January 1915 It took over several power concerns operating log ing in the intermountain region TWO DAYS FOR FOR COMPANY I Commissioner r II IL H II Blood who has been In California for the past month the hearing h It was expected t that at another day and nd possibly two would be required for the company to present Its case after atter which time protestants will be given an 81 opportunity I to prepare and file objections to the propos proposed d rate late Il cre Increase se STATE INSURANCE ANCE FUNDS Receipts In the office offie of ot riu on n SWells S S SWell S. S Wells Well state slate Insurance commissioner for February amou amounted ted to 78 35 accord according lri ing iw to a 1 report of the state treasurer |
