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Digital Provenance
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Publisher
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Transcription
I% Mr. Edward C. Reawick -6- November 23, 1951 «rve, whether fully accrued or not, along with the coat of renewal. Any salvage is a credit to the reserve. The general effect of this will be to reduce operating expenses and increase the capital base. Likewise, the over-all effect is to reduce the earning requirement and hence, the increase required. Similarly, all service pipes should be capitalized. It may be possible as a condition of bringing about the merger, that the Commission will agree to give some recognition to a capital amount for service pipe®. If this is set up on the books and future service extensions are capitalized, when it Q&i&es to sell the properties, the likelihood of receiving payment for this item of plant will be greatly enhanced, in my opinion. This has been a long review, but I trust it may prove helpful in providing some thoughts on the matter. Tery truly yours, BAWunvr Hoy ft -she. Roy A, Wehe
