Ogden Standard-Examiner | 1924-07-31 | Page 3 | Deny Power Value Unfair

DENY POWER VALUE UNFAIR Idaho Light Company In Suit Over Property Valuation BOISE Idaho July 31 The Tho The as- as as assertion section pt If the Boise Power com corn company pany made mado In a suit In the tho United St States tes let court that rulings q the Idaho public utilities utilities tie ties slon sion fI tried fixed ed lu on Its property which are unfair Is denied In a letter of ot the South South- Southern Southern ern cnn Idaho Idalio Light and rower Potter Users Urs association sent out lv Iv 1 v Ma Mavor or B BD BB BB D B Sherman Its president The action of the power corn com com com- company pany in transferring the controversy r ere ersy rRY 0 over oser er rates to a new field the letter assortS asserts Is not a sun sun- sur surprise prise tor for threat of o this actIon has baa been blen made at various arlous times In the past part three years All through the pro pro- proceedings pro proceedings the association has put forward claims and figures we as reasonable renson continues Mr Sherman We Ye hn have hate e never sul sui fig rig rig- urea tic urea ures on requests constructed for tor the purpose of n a later Inter com com- compromise corn corn- compromise promise We o e do not thing the ability of the company to make nule a atar tar earning has been In the beast lenIt Injured by our activity and we 0 e bello the reports 01 oi 0 tile lie the commission Incomplete though they are show how earnings In excess ot of that allowed allotted b by the thi th commis commission sion slon We e believe the Id iho Power om company any Is in a safe and condition and doc does docs not face taco ruin or even esen Inconvenience tS We e 0 do donot donot 10 not believe officers ot the com com- compan corn corn- company pan pany It If It were ere not solvent soh would make a widespread for selling Its stock Nor Nr do we be- be be believe lieve liete e that a company which was wa facing calamity would have hate pour pour- poured ed cd into Its 8 stem the tho la amount of money which this com com- compan corn corn- company pan pany has done dono In ire the last ff few years particularly th the million del dol- dollars dol dollars lars s It claims It has Invested ested In Inthe inthe Inthe the last few lew months