The Washington times., 1931-11-26
GAS COMPANIES
HERE BETTER
INCOMES.
Washington and Georgetown
Both Gain in October and
Former in 10 Months

The Washington Gas Light Co
and its subsidiary, the George
town Gas Light Co., both report
to the Public Utilities Commis.
sion gains in net income for
October, as compered with the
same month last year.. The
Washington company also re.
ported net for 10 months higher
than for the same period in 1880,
indicating that the rate cut put
into effect about year ago is
operating advantageously for the
company.
Operating revenue of the Wash.
Mgton Gas Light Company In
October is given in the report sS
$475, ,69205, against $495,934ll q
year ago.
Expenses Reduced
Operating expenses. uncollecti.
bic bills and taxes required $341.-
245.07 against 1888 ,681 .19 in Oc-
tober. 1880, leaving an operating
income of $134,446.98 compared
with $112,252.92 year ago.
Gross corporate income tOtalnd
&140,370.29. compared with sl15,-
547.87 last year, leaving a net in
come for the month, after all the
usual deductions, amounting to
SIS .237, against the comparable
figure last year of $54,028.41, an
improvement of $17,208.59.
Ten Month Record
For the first 10 months of this
year the Washington Gas Light
Company reported that its op.
Grating revenue amounted to s4,,
898, ,177.22, against $4,577,131 95 IN
the like perioc a year ago. Op-
Grating expenses, uncollecTible
bills and taxes totaled So, $40, ,1O1 :
09. compared with $3.50. .8O9.91 a
year ago. leaving a total operat-
ing income of $1,576,O76.l3 in
comparison with $l,257 1922 O4 in
1880.
Incorporating income totaled
$l4,585,39. against 21,727.56 last
year. while gross income stood at
81 $50, ,661.52, compared with ST..
27S,O49.6O in the same 10 months
In 1880.
Total deductions this year called
for $677, ,306.O6, compared with
$612.198.50 last year, leaving a
total net income of $913,355.46 in
comparison with $666. .851.1O in the
like period a year ago.
Georgetown in October
According to the report of the
Georgetown Gas Light Company
that company in October had op
Grating revenues of $1O4, ,8O1 "a
against $84.435.O4 a year ago.
Operating expenses and taxes
totaled $50. 6.948.58. compared with
$76,196.53 last year in October.
Operating income amounted to
$l7.853.26 against $8,238.51 year
ago.
After all deductions the gas
company reported net income
for the month of $14.9O3.42, com.
pared with $4.650.32, or more than
three times the earnings of the
same month in 1890.
The Georgetown company's re-
port covering the first 10 months
OF this year showed operating rev.
enueS amounting to $975, ,138. 40,
compared with 1855 ,O94.97 a year
ago, while operating expenses, un.
collected bills and taxes called for
$S36.O79, against $3.50, ,952.19.
Bond Interest Paid
Operating income totaled $139,.
059.40, while this figure last year
IN October stood at STAIR
This year the 10-month gross was
also lower, being $155, ,0O2 %, gross
in the like period year ago
amounting to $186,660. 40.
During the present year the
company has paid out over SAL 900
IN bond interest, this amount be.
IN the same as in 1880. After all
other deductions. the Georgetown
concern reported a total net in.
come of $108, ,995. .25, against $I37,.
003 .O4 in the like 1880 period, a
falling off in earnings so far in
1881 Of S28. OCT 10