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LAS VISAS VALLEY PSC Opens Water Rate Raise Inquiry Las Vegas water users, opposing a rate increase, are expected to jam the City Hall council chambers this morning when the two-day public hearing into a request for the boost by the Las Vegas Land and Water Co. opens before the Nevada Public Service Commission. Robert Allen, newly appointed ! chairman of the commission, will preside. Spearheading the opposition, ! Las Vegas City Atty, Howard ’ Cannon will argue against the | water rate increase on the j grounds it is unjustified at this ' time in the face of inadequate | summer-time service. Cannon has pointed out that there is little doubt that some upward adjustment is due the company, but it has been the city’s position that they should be required to establish that the summertime shortage of the past two years is solved before any increase is granted. Cannon will be assisted by his deputy, Ralston Hawkins, and both have in the past weeks been studying the water company’s annual net Income from the past several years, and accrued surplus. The water company’s position will be defended by attorneys for (Continued on Page 2) L A S V E G A S , N E V A D A § | H | | 4 ^ 5 Water Hearing . (Continued from Page X) I the Union Pacific railroad, which owns the utility. They will maintain that the company is entitled to a net return of six and one-quarter percent _ on their investment, and that it is not realizing such a return under the present rate structure. The, statistics compiled by the company will show a need for an increase of 33 per cent on the ; basis of its investment, and 70 percent on the basis of replacement value of the facilities. ; The company, it is reported, isi j willing to agree to a compromise ’ I settlement giving it a 42 percent ! average increase in rates. If granted, the rate increase on this Percentage basis, would bring the’ company an estimated $90,000 additional annual revenue. The water company’s figures will show that it estimates a loss of $47,000 in 1950, and has had no raise in rates since 1931.