Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-02
FIXES VALUATIONS
FOR RATE MAKING
Findings of Public Utilities
Commission on Holdings of
Local Corporations.
LOWER THAN WAS CLAIMED

eliminating three years of inves-
lower value than claimed by the cor
poration, the public utilities commits
sion this afternoon announced COM
plete valuations for rate-making pur-
poses for the Potomac Electric Power
Company. the Washington and George
town gaslight companies and the
Chesapeake and Potomac Telephone
Company.
This winds up the valuation work.
except for the properties of the two
street railway corporations. now under
rates charged for local utility service
next is in order.
Findings of the Commission.
The commission finds the value Of the
Potomac Electric Power Company, as
Of December 81. 1916. to be $11.2s1.-
170.43. The company had claimed a
value Of $23.235.3s763.
For the Washington Gas Light Com
pany the commissions rating. as Of the
same date. is $9,097,S73.31. This COM
pany had claimed a total value, not in
cluding franchises or easements of $1S,-
015.O94.
Georgetown Gas Light Company is
given a value of $s29,SS6 1t had es
timated its property as worth $685.
O57.
Chesapeake and Potomac Telephone
Company's value is placed by the COM
mission at $6,7S3,932.4S. This corpora
ton had claimed a value of $7,7S4,671.
Where Heaviest Cuts Were Made.
The biggest cuts were made in the rat
the Washington Gas Light Companies
President Clarence P. King Of the former
company said this afternoon he could not
state what steps would be taken by that
company until he had opportunity to go
over the report. That one or more COM
panies may protest the figures through
court proceedings is considered probable
In announcing it's findings the commits
sion stated that it would hand down an
opinion in each case within a few days
With respect to the Potomac Electric
Power Company, the commission gave
rating of $10.250.O00 as of July /.
1914. when the investigation began.
and allowed net additions to invest
ment In company's property up to De-
cember 81. 1916. of $9S1.170.43. for
total of $11.231.170.43. This amount in
cludes some allowances for intangible
values. but does not include the COM
pany's claim of 100000 for its Great
Falls water power site and numerous
claims Tor tntangtbles which in them
selves totaled approximately $4,000
900, bringing the total value asserted
by the company up to the twenty
Observation-Disclosures mark.
Gas Light Companies.
In the case of the Washington Gas
Light Company the commission first
finds a value as Of December 81, 1914.
amounting to $s.s00.00o and allows ad-
ditions to December 81. 1916. of $2s7,-
s73.61. for a total Of ss,0s7,s7331. This
company likewise had made extensive
claims for intangible values in report
ing total value of s1s,015.0s4
The Georgetown Gas Light COMPANY
was rated at $775.000 as Of December
81, 1915, and given additions amounting
to $64,SS6 up to December 81, 1916.
for a total of S829,886.59. This COM
pany had sought an allowance of 5000
900 for franchises. including going con-
Germ and business values.
For the Chesapeake and Potomac Tel
ephone Company the rating given as
of July 1, 1914, is s6,40O,OO0 Additions
to December 81. 1916. amounting to
s383.932.4S, were allowed, the resultant
total being $6.7s3,s32.4s. The commits
sion made some allowances for in
tangibles in this case. but they were
much lower than the amounts sought
by the company.