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Transcription
TT~7 EARNINGS TO BE REALIZED UNDER PROPOSED RATES CONSOLIDATED OPERATIONS LAS VEGAS LAND AND WATER COMPANY 1951 Items Investment Original Present Cost Cost Day Cost Operating Revenue: Present Rates $ 242,400 $ 242,400 $ 242,400 Increase, Proposed Rates 91,000 91,000 91,000 Total # 333,400 $ 333,400 $ 333,400 Expenses: Total Excl. Income Tax $ 187,893 $ 196,766 $ 208,667- Balance 145,507 136,634 124,733 Federal Income Tax 62,889 58,717 57,364 Total Expenses | 250,782 $ 255,483 $ 266,031 Net for Return 82,618 77,917 67,369 Rate Base f1,389,400 $1,510,400 $2,063,600 Rate of Return 5.95$ 5.16$ 3.26$ Inasmuch as proposed rates probably will not be effective in 1951 for more than approximately the last half of the year, earn-ings for the full year will be lower than above, and will approximate the following; Capital Base Rate of Return Investment Cost 4.4$ Original Cost 3.6$ Present Day Cost 2.4$
