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upr000062-064
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I agree.h-'1 —/---------- EARNINGS TO BE REALIZED CJNDER PROPOSED RATES ~T--------| CONSOLIDATED OPERATIONS LAS VEGAS LAND AND WATER COMPANY 1951 Investment Original Present Items Cost Cost Day Cost Operating Revenue: Present Rates i 242,400 $ 242,400 $ 242,400 Increase, Proposed Rates 91,000^) 91,000 91,000 Total # 353,400 | 333,400 $ 333,400 Expenses; Total Excl. Income Tax 187,893 # 196,766 | 208,667 Balance 'j'4- <g Vf*> 145,507 136,634 124,733 Federal Income Tax 62,889 58,717 57,364 Total Expenses I 250,782 $ 255,483 # 266,031 Net for Return 82,618 77,917 67,369 Rate Base 0£j'Jf fl ,389,400 $1, 510,400 |2, 063,600 Rate of Return ~ § . 5.16# 3.26# Inif in 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%