OCR Text |
Show I Rate Expert for Power Company Com-pany on Stand at State Commission Hearing SALT LAKE, Juno 5. Tho Utah Copper company's power bill "Would have boon 263 j.-"c cent of what was actually paid, ha.1, It been paid under the schedule proposed by the Utah Power and Light company, according to testimony by Ii II. Ashworth. rate expert for tho power company, during cross-oxaminatlon at the hearing before be-fore tho public utilities commission vestordav. This, was according to calculations made by tho Utah Copper companv experts. The power company com-pany its seir-flgurcd an Increase that would be about 60 per cent lower than that amount. There was difference differ-ence between the two estimates of about $311,000. The power company says that if it is to make a return of S per cent on Us investment and also to provide for a "straight-lino" depreciation rate of 4 per cent or a total return of 12 por cent on the Investment of t-i 1,000,000 claimed by the power company It must make an increase of Its power schedules sched-ules sufficient to bring additional rev, enue of approximately 52,500,000 and the Increast Is being sought by the power company. |