The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-01-22
LIGHT COMPANY IS
ALLOWED INCREASE
Eight to Sixteen Per Cent Increase IS
Allowed for Light and Power
Consumed.

the petition by Receiver Jack q.
HoltzcIaw, of the Pensacola Electric
company. Judge William B. Shepard
handed down his decision yesterday.
The increase will be effective Febru-
ary /. The application for the in
crease in rates was made that the
physical properties Of the company
might be rehabilitated and repaired
without calling for additional money
from the stockholders or increase the
indebtedness of the company.
The petition requesting the increase
explained in detail the financial
standing of the company and the prop
erty valuation and estimated deprecia-
ton. Upon investigation the report
of Receiver Holtzclaw was accepted
by the judge who issued the order
authorizing the increase as, prayed Tor
in the petition.
The application showed that the
fair valuation of the combined rail-
way and electric lighting properties
was lately fixed by experts at $780,
600 and that the present fair value
Of the property OF the railway alone
is about s22000oo and the value of
the lighting department is about 81
100000
The gross earnings of the light and
power department during the year,
continued the application. was 1902
e03.47: the operating expenses We're
s1S2,377.7S and the taxes $10,S49.15,
leaving balance of s1O9,66.54 with
which to provide for depreciation and
a return to the investors. After set
ting aside a depreciation sum custo-
marily allowed by commissions the de-
partment for the year 1920 would pro-
vide a return of only 2.3 per cent on
the fair valuation of the property.
The application asked for an in,
crease of about 8 per cent to the resi-
dent customers and an increase rang
ing from s to Is per cent to the whole
sale users of current that fair return
on the investment and rehabilitation
of the property might be made. Gus
toners of the company are about $500
residents and the remainder of 800
are wholesalers and business houses.
The following rates We're allowed by
Judge Shepard in the order handed
down yesterday:
Lighting Rate.
Per XVIII.
per Month.
First 200 XVIII. ............ 13c
Next 200 XVIII. ............... 10c
Next 200 XVIII. ............. Sci
All over 500 XVIII. ....... SCI
per cent discount for payment
within ten days. Minimum bill per
month, s1.00 net.
Retail Power Rate
Applicable to small power installa-
ton.
Per XVIII |
per Month |
First 200 XIV H. >............ lie
Next 500 XVIII. ............... Sci
All over 1000 XVIII. .. Sc |
per cent discount for payment |
within ten days. Minimum bill per
month s1.00 net per H. p. for first five |
HIP, coo net per HIP, for all over five |
HIP. connected.
Wholesale Power Rate.
Per XVIII. |
per Month. |
First 10000 XVIII. ........ Sc
All over 10000 XVIII. ....1s4c
per cent discount for payment
within ten days. Subject to usual coal
clause now in effect.
Minimum bill for installation of so
HIP. or less $4,000 net per month.
Additional TO minimum bill for in
stallation of over so HIP, soc net per
additional HIP. per month.
The flat rate for window lights and
electric signs is increased 10 per cent
There is no change in the existing
'ate for city street lights