The Washington times., 1924-12-30
$4,000 D. c.
REFUNDS
DUE
aefI ding Office Will Open
Mohday-5.ooo Have Left
District Since Armistice

The impounded fund of the
Potomac Electric Power Company
win total $685. 900, virtually one
half Of which will be distributed
to $4,000 present and former cleo
trio consumers, Major William
E. r. Covell, Assistant Engineer
Commissioner, announced today.
From this amount, $4,000 will
Be paid to the District Govern
ment as a franchise tax, this being
provided for by law. In addition
!. 1910 900 will be paid to the United
States Government as Federal
income tax.
$2,95O, 1000 Remains.
This will leave $500 900 to be
distributed equally among electric
users and the power company, each
share being $3.50, 900.
The impounded fund as of Novem-
her 30 was $6,238.000. For the
mont of December about $4,000
Will % added. Impounding stops
tomorrow, December 81. Beginning
january the amount which has
bean put into the impounded fund
will 60 to the public in the form
OF D rs per cent reductin in cleo
trio rates.
Iinpounding began on August 1.
1917, and has continued for eighty
nine months.
A. G.. Neal, comptroller Of the
electric company, stated today that
the special offices for computing
the individual amounts Of money to
be returned to consumers will prob
ably be opened next Monday at the
eastern offices of the Washington
Railway and Electric System, Four
tenth and East Capitol streets.
Force Is Being Hired.
William L. Jones, assistant to the
comptroller, will be in charge. Mr..
Jones today was gathering chairs,
desks and other material needed for
the work.
About 100 clerks will be hired.
Sixty-nine applications for clerk
Jobs were received by the company
Yesterday and a like number is
expected today. No difficulty in
getting clerks is expected.
Comptroller Neal said today he
was still unable to estimate how
MUs it would be before the first
monAY will be distributed.
RnsEs governing return Of the
$zsSS0F'0o to the people will not
be y avn up until after Justice
Wendell p. Stafford, Of the District
supreme Court. puts his approval
on the compromise agreement
reached Saturday between the
electric company and Public Utili-
ties Commission.
The method of distribution of
these forms for claims has been
discussed. 1t has been suggested
that the company send out a form
next month with each electric bill.
This will save considerable time Cor
consumers who otherwise would
have to visit the company's office
or branch stations for the forms.
May Have Left d. C.
It was estimated today that 5000,
possibly more, consumers OF the
electric company have left town,
Whether any effort will be made to
hcate these people and notify them
that they are entitled to a rebate has
/. not been decided. During the war.
there were thousands of electric
users who quit the city after the
kFmistice.
Major Covell was busy today gath.
sing data on the valuation cases of
the Washington and Georgetown Gas
Companies, the Capital Traction
Company and the Washington Rail.
Wky and Electric Company. Action
on compromising these valuations
viii probably be taken within the
next few weeks.
Another important public utility
matter is pending. The commits
sion has under consideration a
downward revision of the rates of
the Chesapeake and Potomac Tele-
rhone Company. A hearing was
held in November. Final action
an lowering rates will be taken
late in January.
/ The question Of improving street |
car service on Wisconsin avenue |
northwest will be discussed at a |
public hearing early in January.
n
* u MAfaAAnEEn RI EATEN