The Washington times., 1916-05-19

subject to such additions. notifications
ana alterations as may be justified by
company and others at the hearing.
Basis For Rates.
Notice was given the company today
that the aforesaid valuation will be
made as a basis for fixing the rates.
tolls and charges of the Potomac Elec-
trio Company to be paid by the public
and the elements of value will be con-
sidered with special reference to that
/ purpose"
The commission has been assured by
it's general council, Conrad II. syme.
that such changed In rates as may be
made Immediately effective. even though
an appeal from the valuations 10 then
pending In the courts.
Whether the valuations will be taken
to the courts probably will be devel-
! Following Is the order Of the hearing
as announced by the commission today:
First The commission will near all
witnesses an: an. consider all evidence adj
| Company relating to the amount OF
, money II would reuulkre to reproduce
all the physical properties of the Pc:
tomac Electric Power Company used
pany In the District OF Columbia, and to
replace all the physical properties be-
longing to said company in the District
Of Columbia including depreciation. and
will. therefore. hear such evidence a.
may b adduced by any other person or
corporation interested on tho same sub
ject. The commission will then hear
and consider IN sny further Se1n yi
the evidence BIZ the said company or
any other person or corporation.
Second. A similar method of procedure
will be followed as far as practicable
..,lAt a. H. AAA2 L.. -
the amount Of money expended In the
construction and equipment of the Po-
tomac Electric Power Company.
In connection with the foregoing. the
commission will also consider all evil
dence which may be adduced to show
prima facia entertainments should he
made by reason of the fact that said
entertainments have been made as OF
july !. 1914.
consider all evidence which may be ad
duced bv the Potomac Electric Power
. Company or any other person or corpo.
ration interested as to al lother eie
ments of value which should be taker
, into consideration by II in determining
, the fair value Of the property OF the Pc
. tomac Electric Power Company. Oppor
tunitv will be allowed for argument a
appropriate stages of the proceeding
The commission will also consider evi
|
return based on fair value should b,
, allowed to said company over and abov,
, the cost Of conducting the business.
: First of Utilities To Be Valued.
The Potomac Electric Power Com
pany will be the first OF the large utili
; ties to be valued. Valuations on tn
Washington Railway and Electric Com
{ pany. the Capital Traction Company
\ A..A L. al ID
. are nearing compilation.
The law requires that thirty days
notice be given the utilities of thu
hearings on the valuations. In orde
may be raised the notice to the Pc
tomac Electric Power Company include
= Sundays and holidays.
A similar procedure probably will b
Nose e .Se D Ss tss %sSs
8 hearing was sent today to the Board o
a Trade. Chamber OF Commerce. Retail
Merchants Association. Central Labo
uion. the Monday Evening Club. an
the citizens associations.
4 Statement of Company.
o That the report of the valuation bu
reau appears to treat only q partis
q values and does not cover all the ele
u ments OF value that must be considered
:; was the statement Of officials OF the Pc
= tomac Electric Power Company this al
q ternoon.
Following Is the company's statement
The company has just received fror
the Public Utilities Commission motto
l. of a hearing set for June 26 and ais
certain reports Of the accounting an
u engineering branches of the valuatio
u bureau of the commission.
i THE company has had no time to IN
spect these reports and II In therefor
not In position to make any definii
10 statement concerning them. II appear
= however. that these reports treat onl
't OF partial values and do not pretend
cover all the elements of value thu
-, could be the basis of any final dete
=: mination by the commission.
~ IT other words the whole question
Al valuation Is an incomplete one at tn