Vernal Express | 1974-08-29 | Page 9 | Up&L Rate Allocation Hearing Set

rate allocation hearing set The Public Service Commission of Utah has set September 4 for hearing on the allocation of rate increases among Utah Power and Light Company's classes of customers TilE THE COMMISSION granted the company a percent increase in annual revenue amounting to on August 13 following exhaustive hearings The utility had asked for an increase in annual revenue of million or an average increase of percent THE TilE COMMISSION order stated that evidence shows shoals that Utah Power is in need of an increase in its revenues reVenues to enable it to meet its obligations obligations' as a public utility hi in furnishing furnishing- electric service The commission has attempted to keep the amount of the revenue increase to the minimum which h the commission considers considers' necessary to maintain the financial integrity of the applicant and allow a reasonable return on the investment devoted to electric service