The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1917-12-09
OFFICE OF THE PRESIDENT
WASHINGTON GAS LIGHT COMPANY
WASHINGTON, D. C.

eeps the Company Exclusive of gas sod to the Georgetown
Gas Light Company of and reduction the amount
Of annual dividends paid stockholders of 25 compared
with the dividends paid between November l. 1910 and August
1917 In this connection the Commission attention called the
fact that the loss would have been considerably larger had the
Company the exercise of good business foresight April 1915.
entered into contract for large quantity of gas oil which would
have been sufficient for its ordinary purposes until about April 3d.
1918. though by Of the abnormal increase in the population
Of the District which increased the demand for for heating and
cooling purposes the Company recently has had purchase three
millions gallons of OIL the market price of which slightly under
cents per gallon, than the price paid by the
Company under its contract of April 1915 The increased cost for
this material alone for the year 1913 together with additional oil
which ard will be required during the last months of the
present year, will be 496O0O the of
gas per thOu:and cubic feet of 1888 cents.
During the winter of 1916 and 1917 the Company at times ex
penenced considerable difficulty obtaining sufficient coal sup
ply its needs and there days during the winter months when
there scarcely days supply hand. The anthracite coal
which purchased during said period the Company approx
maey 500 and bOer fuel about 676 than during the
vous winter.
The Gas Company has had prepared from books by the
American Audit Company which submits herewith Exhibit l.
full and detailed comparative showing the quantity of
sod from October 1915. to September 3d. 1915 and from 0c
tOber l. 1916 September 30 1917. together with the
including taxes of gas delivered the burner and also state
showing the cost Of maintenance for the period of FIVE
years from 1912 1916 both inclusive 5457 per cubic
feet Of gas sod
From these statements it will be seen that the average price per
thousand cubic feet received by the Gas Company from sales of
been October 1915. and September 3d. 1916, under the
then existing S292l cens and for the period between
October 1916 and September 3d. 1917 under the seventhve
cent rate private and seventy cents to the United States
and the District Of Columbia Exclusive of sold to the George
Gas Light Company the price received only
1858 per thousand cubic feet While during said last
mentioned period 253 $40 464 cubic feet gas so
yet tie receipts $75 5S518 less with increase operating
exyeleS of SO hoe Of tie preceding year. The
American Audit Compns statements also show that the the
Company for gas delivered the burners including taxes during
the period from OgIober |, 1915. September 30, 1916.
5lO07 ce2t while Tor the period from October 1916 to Sep
TENDER 3d. 1917 1852 cents per thousand cubic feet
The Company also files herewith Exhibit No. statement
prepared by Humphreys Miller nc of estimated net earnings
Exclusive of outside opaon). from estimated sales OF I'm
Guiding sales the orqeown Gas Light Company for the
ending December 3D. 1913 the rates herein stated show
the OF the value OF the property (ncudng the
Georgetown Gas Ii mt Company shown said statement of
$780, 400 ard also rate of return the fair amount found
by the Public UTILITIES Commission December 81. 1916 brought
down TO include additions the property and the Georgetown Ga
Light Company properly of S03306O0 Said statement shows
that the increased Of manufacturing including
creased taxes, the continued during the year
1918 the less upon gas sales (exuVe OF outside operations will
be S64 44 OF LIZA each thousand cubic feet OF
Gas sold; and with nothing pay return IN the way OF interest
It's Eo.ded md ne dividends 10 ITS stockholders the
value Of G properly ether as shown by the BOOKS OF the Company
the far amount as found by the Public Utilities Commission
The Company also Ges Exhibit No. statement prepared
by essrs Humphreys Miller Inc Of the estimated cost OF gas
the burner (nudn3 the Georgetown las Light Company Tor
die year ending December 3D. 1918 compared with the actual
cost for the year ending pebcr Co. 1917 VITA explanatory notes