The Washington herald., 1921-09-09
DISTRICT UTILITIES
MADE $3,&7,s99
PROFIT IN 1920
Potomac Electric Com
pany Shows Heaviest
Gain With $1,655,736.

washington's eighteen public
utilities aggregated a profit of s3.-
467,sss.53 during 1920. according TO
the eighth annual report of the
Public Utilities Commission. sub
mitted yesterday to Congress
Fourteen OF the utilities operated
al a, gain, netting S3.527.SI4.63 dur
ing the year. Only four of the
smaller companies reported losses,
totaling s59,S45lO. The Potomac
Electric Power Company enjoyed
the most prosperity. showing a net
income amounting to sl.s55.736.62
Bond issues amounting TO SI.4sI.-
900 were authorized by tho board
during the year. OF this amount an
issue of s34l.OOo was permitted the
Washington Railway Electric Com
pany, and an issue of Sl.l5O, 600
was granted the Potomac Electric
Power Company.
Increase I'm Rates.
Electric and gas light rates.
street car fares and baggage rates
were increased during the year. and
taxicab rates for carrying trunks
were slightly reduced. the report
shows.
The District Supreme Court in
junction obtained by the Potomac
Electric Power Company TO pre-
vent reduction of electric light
rates is still in effect, and the re-
serve fund. which must be re-
turned to customers IL the injunc-
tion is revoked. now amounts to
Sl,esS.s76.2s. The Injunction will
be held by the company until the
District Court OF Appeals upholds
the commissions valuation of the
company's pronerty on which pro-
posed rate REDUCTIONS were based.
Commissioner Kutz, chairman OF
the commission, explained
Court Sustained Commission.
The Supreme Court Of the District
sustained the commissions valua-
tion Of Potomac Electric Company
property as Sll.23l,l70.43 in March.
1920, but the company appealed TO
the Court of Appeals, and the case
has not yet been heard.
Improvement of street car service
by rerouung of cars and adoption
OF one-man cars was noted by the
commission in the report Forty
two per cent Of Washington's street
cars. 237, were operated without
AS"NSAS inc sCdIs
showed that fewer accidents oc-
CURED with cars equipped with
tenders than with those without
Forty-six changes in location of
car stops were granted ard twenty
eight were denied. the report shows
Approval of twenty-seven applica-
tions to operate jitney busses over
prescribed routes by the commission
was recorded.
PROFIT OF Companies
Profits of the fourteen utilities
which showed a net income for the
year were:
Capital Traction. s377.o7270
Chesapeake and Potomac Tele-
phone. s471,23Go7.
Georgetown and Tennallytown
Railway, s36,sls.0l.
Georgetown Gas Light. s32,so4s7.
Postal and Telegraph Cable,
S2,Se9A5.
Potomac Electric Power. sl.s55.-
1863.
Terminal Taxicab. s32.3sI.so.
Town Taxicab, sl,S0722.
Union Transfer, $21,7So.5o.
Washington and Maryland Rail-
way, s4,S70.57.
Washington Gas Light. s26o, o,sI7.l2.
Washington Market. s3,ll644.
washington Railway and Elec-
trio, s615,Sso.2l.
Western Union District of CO.
!umbia revenue only, ss,sl0.ss.
Losses of the four companies
which operated at a loss during 1920
were:
Auto Livery and Federal Taxicab
(combined), s2s.157.72.
City and Suburban Railway,
ISABELLE.
East Washington Heights Trac-
ton Railroad, s629.2s.
Washington Interurban Railroad
sT269s.