The Washington times., 1916-12-12
YALUiII,NlG UTILITIES
COST OYER 100000
Company's Expert Admits Big
Payment and Says More Is
Still to Come.
FOLLOWS CHANCE QUESTION
AImert Declares II Took Him
and Staff Eighteen Months
to Make Estimates.

IN Make Eetir,at
|
Up 10 aate ,ne TASK ., nsu , ~
80. az. pa,s.a. ts,a., II. Bower Com.
49, ,,oro than sioo ooo-an item
r,hic, dno.,'t an,ear in any OF the
.rnert., sgvres which have been pre.
.entea IN tho public IJtiIities Commits
siop In the valuation proceedings no
far: And the end Is not yet, II Is SAID
The fact that ne heo aireaoy
ceived moro than 100000 from the
company was the ANAL bit of informa-
,to,, giv.n IN. commission in the
ZION sven .ne eoln'nIsson a,,, ~
cross-eNsninhtion oi Sohsui.ns @
Eineer Hsroid Aimert oy corporation
Counsei Syme.
80. Chance Questtop.
Inc Information uiu NOT 'e"'y pc
tain to the hearing proper and was
,,or'
III. maaa nj irures- presented re-
ouired the aimosf constant work OF
Ensineer Aimert and n big staff OF
aooountants' statisticians, engineers,
&c FOR ei9hteen months
Mr. Almert said he had personally
given from one.third to half his time
during that period TO this work He
Included in this the valuation OF the
WILMINGTON Railway and Electric
oCmpany's properties as well as the
Potomac Power Company.
u,..,., ,.,.r..,
TIL. o,o.,,on ., ~. d,r.r.rc. h,
tween the rate making and the pur.
chaseabIc values OF N. piece OF pubIicc
utiiI,y nronar,y served 20 inject un.
usuaI intere.t ipto the conclusion of
the examination OF Consulting len.
gineer Almert.
Why should there be n difference
between the valuation OF a public util.
ity for rate making purposes and tho
valuation for prospective purchase OF
the property
why should there be charge OF
s2.bOO.OoO under the head OF attach.
Includes at least one Item represent.
ing a deficit iascrIbed aH what would
have been realized fro mlntcrest on
certain portions OF unused capital "
4, H. had ,S,s remained unused" and draw
These are questions that tho Publ
Utilities Commission expects To de.
vsiop from further testimony OF the
experts the Potomac Electric Power
Company when tho hearing OF the
eompany's witnesses 10 resumed to-
morrow morning.
The first question that came up
yesterday during the afternoon SEES.
sion OF the hearing was the exact
meaning OF the phrase. "the cost OF ai.
tAching the business TO the property. '
which the witness insisted formed =, \,
Charges OF s2,iib,3o3. Mr. klmert.
when asked to define this phrase,
sid IL would be.th sum .totai OF an
deficits.
Excess Not Considered.
.A..,,,. ,h., IN. d.aci,. run ov.r
assume 'na' .ne os"e CIV, | os.'
period OF ten years sara So'nnis'
: sioner Kutz, "and for another ten
Do you think the excess should be
TAKEN into consioeIaionI ,,
NO ST. respohhI,su ,ne W,' ness ,o,
On what edu , srouhas San You ~,
inSluae acncl anu NOV 'he eNSess'
asnea the tohnssiohen ..,A,
are s oInsa, ~
mixed Win so'ua' usxe'op a
MT. A.oIl NV .,,rs 49,
on The date OF taking by which he
can buy the old property. or the old
pIope.y s 'SaS
..rhsn your estimates are based on
ssie value, and not on rate.mak ing
values" said Commissioner kut..
mo, sir" Mr.. Almert responded. He
then gave n technical explanation OF
what he meant, and repeated his pre-
vious answer, He said that there IL
the distinction made IN some OF the
figures, where IL IN not material, but
that IL Is not so with the particular
item under consideration.
NAL. NJ DexeIo,msnt.
lilo said the development charges
were based, first, on an actual physi.
=, v.Iua,Ion ~ the nropertie. I'm.
vsSW.hst n what thew were aet,i.
% .orth n. stoeb material etc ~
Siy,oT 600 WV
IhI. wa. added IN "overhsad
charges" making sl6, 900. and TO
THIS assih Was auaeu '"'e'eS'' '"ah'"s
Mr. Svme then asked the witness N
there was any operating income or
the plant that Is alphabetically repro
duced the nrst Two years me VIII
ness ss'c cs nI that Vas chargsd 1 10
rsvsnues MT, SWINE noted an lem of
AZ oaa charged as a deficit in revenue
o. The second wear of the plant
io' inv
Interest On Capital
n, dsyeIoped nv questions tbat the
,.x-,,,t,n ,yss Tor in,erast nm ca,,,.,
eetiep. eapi.a'
that had peeh eApeha'a curing the
year. II was explained that the using
~ capital during the year had re
dieed the total OF unused capital, and
,hsrefore the total of Interest from