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Transcription
Comparison Between Results Determined By Commission and Those Determined by Use of Correct Operating Expenses, Rates Bases Reflecting Fall Capital Base for 1951 and Rate of Return of 6$ 1951 ____ ____Capital Base_______ Commission Decision Average of As As Corrected Rendered for Investment and Operating Revenue Income tax error Original Cost Original Cost Estimated under former rates Added revenue estimated by Commission (Ex.B) $21+2,200 25,112 $2l+2,1+00 (Ex.Q) 25,112 $2U2,lK)0 (Ex .Q) 25,112 Total Operating Revenue under Prescribed Rates $26.7,312 $267,512 $267,512 Operating Expenses Operation and Maintenance Administrative and General Expenses Depreciation Joint Eacility Rents Taxes - State, County and City Federal, other than income $ 36,000 42,900 12,078 105,063 22,000 700 $ 41,200 (Ex.Q) 52,3^ (Ex.Q) 17,369 (Ex .Q) 138,165 ** 22,165 (Ex.Q) ... 675 (Ex.Q) $ 1+1,200 52,31+0 ll+, 810 * * I3i+,190L ** 22,165 ____ 615 Total Operating Expenses $218,7^1 ^ , 5 7 1 $271,911+ $265,1+80 Ret Before Federal Income Tax ^8,571 (1+.1+02) Deficit 2,032 Federal Income Tax 11,1+36 -17,329 — 508 Ret Return $ 37,135 $3 1 ,2^-2 - $ l U p Rate of Return 6.0$ 5-1$ .002 * Average "between $12,252 on investment "basis and $17,369 on original cost basis shown in Exhibit Q, ** Computation shown on next page. Schedule V p. 1
