The Detroit times., 1911-12-13

The Tax Schedule of the affiliated
TAX SCHEDULE.
Edison Ill Co .............. 42,6
Detroit Edison Co................ 2S'b
S.s
| Exclusive OF Federal Tax of 1909.
| The actual taxes paid IN lFlO
amounted 10 $lb4.s702l
| Taxes have more than doubled In the
| last four years and now represent
about per cent OF the Gross operat-
VALUATION OF PROPERTIES
The valuation OF the Edison llluml-
mating Co. and the Isninsular Electric
hsh Go as as sSss on Df Reprod9eton
Cost" including the legitimate related
| intangibles. excluding all accrued IN
| tangibles that may be claimed as IN
herent In the properties as going con-
Germs.
For the purpose OF this report 1t Is
deemed inexpedient- to attempt 10 IN
tegrate such values as accrued intan-
| gibles and II is believed that an equit-
able determination OF the questions
| raised can be had by combining our
| attention 10 the actual ngures present.
ed In the physical values including OF
course, the necessary related intan-
| gibles such as engineering and super
vision of construction, administration
ana interest charges during construc-
ton. (the same being calculated rea-
sonably at round percentage) In al,
dition to the actual labor and material
values found herein.
The value OF the Detroit Edison Co.
dyf Tentatively on y oas1s OF u be
ing included In order TO have
thorough understanding OF the results
OF operations on account OF the leasing
/ - "a al
tionshtps that exist between the var
ious companies.
The valuations OF the Edison lllu-
minating Co. and the Peninsular Elec-
trio Light Co. are based on the esti-
mated valuation OF Dec 81. 1906, minus
the accrued depreciation. plus the bet
terments and additions TO Dec: 81 1910.
Power Plant b" included In the
Co.'S properties. by reason OF its oper-
alton In connection with the steam
heating business OF the Central Heat
ing Co. is enabled to'furnish Its cleo,
trio output at net cost which Will
compare favorably with the output
cost of the highly efficient plant at
Delray.
The property is conserved and uti-
lized and It's operations made profit-
able by reason of the sale OF It's ex-
haust steam to the Central Heating
The plant and system OF the Central
In this report
The status OF the said Central Heat
Ing Co. may be summed UP as follows:
1t purchases exhaust steam fronf
Station "B;"
II operates a 1000 II. p. live steam
plant located at Barclay place;
IL distributes live and exhaust steam
generally TO two centrally located heat
| ing systems in the City OF Detroit
The operations OF the Central Heat
ing Cos. taken by themselves, are APP
/ H. a.. u IL TIL
nue. from operations exceeds interest
payments on the outstanding funded
debt by approximately 100000. but
there appears to be no charge for de-
probation In operating expenses and
probably the net result OF the opera
lions is equal TO but simple interest
on the funded debt.
The apparent results OF operations
Tor the electric station "B" and Cen
trail Heating Co. appear further on in
this report.
The generating plant OF the Detroit
Edison Co at Delray is located at JEFF
ferson avenue west, occupying land
ed area OF about 80 acres
There are independent inter-con-
nected. steel frame, brick wall power
houses. with stone or nodded concrete
trinn inRs
The intake canals. furnishing water
for condensing and general purposes,
have minimum cross section OF 400
square square feet. the overflow canal
being dredged cut with concrete
head works, Said canals will ulti-
mately be walled with concrete TO the
harbor line
The scrten house over the water in
take Is used as an office building.
There is local warehouse, machine
shop and sub-station for local dis
tribution and for housing the step-up
transformers for raising the current
from 1900 to $4,000 volts.
Power House No. | has FIVE turbo-
generating units with an aggregate
enough for the installation OF as 900
w. I'm tHrbe-generators.
Power House No. 2 has $4,000 X. w.
In turbo- generating units.
The exciting units consist OF two
trrbo-sets, capacity 275 X w. one
engine unit. capacity 100 X. w. two
motor generator units, capacity 100 X.
w. and n storage battery floating on
80 minutes.
Boiler House No has "a 550-H r
winter tube boilers equipped with Ro-
ney stokers. economizers and induced
| draft apparatus, with three l35-feet
steel shell. brick lined stacks.
Boiler House No has Eve 2.365-H.
i water tube boilers, two OF which are
equipped with Taylor stokers, and two
250-feet steel she'll. brick-lined stacks.
Both boiler houses have overhead
and concrete coal pockets. the coal
distribution being made by cable
driven railway ashes being removed
trio and gasoline locomotives
All OF the turbo generator units have
base condensers with the exception OF
two 1000 X w units, which have sep
arate condensers
The yards have n storage capacity
OF 81 600 tons OF coal
The complete swttchboards are mar
BILE panel on steel frame, hre-proof con.
struction throughout all switching he.
ing done at { 500 volts with motor
operated oil switches located in CALLER
les below the switchboard proper.
There are 81 outgnlnG trunk lines
value Of $1,000 per X w capa-
city is placed upon the plant as above
described
VALUATION or THE. EDISON rLLr-
MINATING GO AND THE PENN
STLAR ELECTRIC LIGHT CO DIS
TRIBrTION SYSTEMS AND PROT
EI;TfES
The property % the Edison nlumi-
mating Co. and the Peninsular Electric
Light Co consists In brief Of Lands
Buildings. Transmission Lines Sub-Sta-
tionS sub station Equipment. Under
around Ducts, Cables and Overhead
distribution systems. substautiafA az
on Dec 81 1906. together with hew
\LIzATION 19o6-t9tO