Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1918-02-28
COUNCIL SENDS RED RIVER
POWER co. SURCHARCE CASE to-
BOARD OF R. R. COMMISSIONERS

mately . per cent and the amount
on the valuation as set forth in para
graph eight hereof would be: 1913,
! ST., 900: 1914, $4,000; 1915, $12, 900;
1916, $4,000; 1917, $4,000.
H.. We believe that a fair average
rate of interest for this community is
approximately from 8 to Z per cent;
that the stockholders Of the Red River
Power Co. are. entitled to a slightly
larger return than the average rate of
interest of this community and that a
fall: return thereon would be 8 per
cent, which, figured upon the reason
able vAlue as set forth In paragraph
eight hereof would amount for the
different years to the sums as follows:
1919. $4S,OOO; 1914 $48, 5000; 1915,
$4S.000; 1916. $4,000; 1917, $4S,000.
12: The depreciation and return
and eleven hereof, compared with the
net earnings as. stated in paragraph
NetN1s1:s. s%s5,75o.ss; 1914, $685.
933.39; 1915, $109,029.67; 1916, $124,-
40O.23; IL months Of 1917, $s0,258.5Ss
Interest and Depreciation-1913,
100000; 1914. 100000; 1915. 100000;
1915, $4,000; IL months Of l317,
Net-1s13. s~25,75o.os; 1914, $685.
933.3s; 1915, $%49.02s.67; 1915. $64,-
400.28; II months of 1917, $35,25s.56.
10. The law controlling. the matter
OF rates to be charged by public utili-
ties is fixed by Chapter 20s. page 313
of the 1915 Session laws. which pre-
scribe that whenever the city council
shall by a majority vote adopt a reso-
charged is excessive and setting forth
as near as may be the particulars
wherein it is claimed that the rate
charged is excessive, the city auditor
shall within ten days thereafter for
ward to he board of railroad COM
m~issioners a certified copy thereof,
%whereupon the board is required to
airy examination OF the matters COM
planned of and. If on such investiga-
ton the complaint appears to be we'll
founded, then the railroad commits
sioners fix a time for the hearing
thereof Of which hearing at least
thirty days notice must be given and
upon such hearing the board has au-
thority to fix and establish "a reason
able rate as a maximum to be charged
FOR the ensuing five years.
IA. Under the circumstances YOUR
committee recommends the adoption
OF a resolution in conformity with the
law and for the purpose submits
herewith such a resolution.
Respectfully submitted,
John NJ. Gillette.
Louis kleven.
20. s. Hanson.
Orr Sanders.
Geo. A. Bangs,
City Attorney.
The resolution. which vii, -ou =.
sent to the board 81 rai,rnaH 49, ~
m~issioners. ia as follows. So"
Be it resolved bv the citv cS,n.,,
Of the city of Grand Forks h n Nv
a majority vote thereof that co., ~
plant he, and the same hereby ie
made, that the rate charged yv;thip
the city Of Grand Forks n n h.,
the Red River power ~ ~, ny
ton duly organized and existing ,nder
and by virtue of the laws ~ The atata
of North Dakota for GAS ana FOR
electricity for light. heat ana nou,ar
to said municipalitv and to The IN.
habitants thereof il excessive and th.+
the particulars wherein e is claimed
that the rates 80 charged are excns-
said gas and electricity for left heat
and = power are greater than affords
and. gives to said Red River Power
Co, a reasonable return on tho rea-
sonable value. Of. the plant thereof
used for. such n,rpose after having
all Of the reasonable operating ex.
penses thereof. including X and a
reasonable depreciation charge. that
the rate charged for gas is $40 ner
thousand cubic feet and that snch
charge is excessive and greater than
is reasonable or should he allowed hv
law. and that in addition to said ST.
SO per thousand cubic feet. there has
been an additional charge If 10 ner
cent added beginning with January.
1915: that the charge for electric
power for lighting is lie
per 4. ". Fl. for he first 1oo hours.
after which there is a. gradual de-
on January let 1918 ~ nor cent al
ditional ana that said charge ana all
thereof is excessive ana greater than
is reasona HE or should he allowed nv
low rrs anu fo ena, .me enarse tor =; sie 3 ~
~ 0IS " No"CI puI pOcC0 40 UsOOS