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Transcription
m m m m m Hr. K* 1* Bennett 2. Section % (m). The item of * Federal ins one taxes* should In *ay opinion Be set oat as a separata item of expenss. this section should provide for p o t e n t o f lip on the agreed value of the facilities a&- lasted from tine to tine for Additions and Betterments, retirements, etc. but without any reduotIon for accrued depre-station. is stated in ay commente is the attached memo with respect to page 2? of the report, item 6(c) on operations of the Water Gompany, it is our g « n « M l policy and practice to make no reduction In rental bases as specified in leases for depreciation accruals and unless and until such policy Is changed I do not Believe any exception should be made in this instance. 'With exception of the items referred to above and the matters dealt with ii the attached mam, I think hr. *ehe has-done a vary good Job la preparing this report, which represents a comprehensive and exhaustive analysis of the history add operations o f the two companies* y. iiu t e r n Enel.. ~ m
