OCR Text |
Show Rate Increase Hearing Dated attempted to keep the amount of the revenue increase to the minimum which the commission com-mission considers necessary neces-sary to maintain the financial integrity of the applicant and allow a reasonable return on the investment devoted to electric service." The Public Service Commission Com-mission of Utah hassetSep(. 4 for hearing on the allocation alloca-tion of rate increases among Utah Power & Light Co.'s i classes of customers. The commission granted the company a 17.5 percent increase in annual revenue amounting to $18,795,482 on August 13 following exhaustive exhaus-tive hearings. The utility had asked for an increase in annual revenue of $25.6 million or an average increase of 23.9 percent. The commission order stated that . . . "evidence shows that Utah Power is in need of an increase in its revenues to enable it to meet its obligations as a public utility in furnishing electric service. The commission has |