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(oc - Mr* Willi®® Reinhardt Hr. Edward C. Renwick ISr* W. H. Johnson ) ttgMORANDXM HO. 2 TOi Mr. 5. 2. Bennett FROM: Mr. Roy A, wehe File Mo. 20-$ Subject! LAS TOGAS LAMB AHD MATER OQMFASY. In or dor that yoit and Mr. Reinhardt say know th© present I status of the study on the Las Vegas land and water Company* as wall as to what the figures point to, a summary estimate of the tentative Results of Operation are hereinafter summarized• further* seek preliminary estimate was desired by yourself in order to prepare for the dissuasion with Commissioner j. 0. Allard in San franeiaeo on Wednesday, Maroh 1st. Likewise, while tbs final estimates will differ from the figure presented now, this will afford an opportunity to sst forth sons of the mors important differences that result from the appli­cation of oertaln rate-making principles that should be discussed so that policies may bs decided upon as to the methods to bn followed in setting up the Study that will be used in preparing the Applica­tion as well as the exhibit in the rate proceeding before the Com­mission. 3TATPS Of WORK: juUM . / Sufficient study and investigation has bean made to afford a general understanding as to the undertaking* as well as to the prob­able operating results of the Water Company that may bC expected. More specifically, fixed capital, revenue and operating ex­penses have been studied and analyzed, to the extent that time and