The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-12-29

holding company charges, the gross
income of this company should be
greatly in excess of that above set
forth.
Urges Per Cent Return
THAT under the depressed bust
ness conditions heretofore and now
prevailing in Indianapolis and vi
cinity, and considering the COM
pact area served by this utility and
the risk attending its business, and
the extraordinary economic situa-
ton of the patrons of said utility
and other business concerns III said
area and their earnings, together
with the purchasing power of the
dollar, a rate of 6 per cent on the
fair value of the used and useful
property of said utility in supplying
electricity to its patrons is a fair
and reasonable return, and upon
this basis the excessive earnings of
said electric utility are approx
mately 100000 annually, without
any adjustments in the operating
6ADclloES do dOONC Ou6S
That the rates now charged by
this utility for such electricity are
unfair, unjust and unreasonable,
and in the opinion of the public
counselor an investigation should be
instituted and said utility ordered
to show cause why its rates should
not be reduced.
GCIIyIoorofOro tho 1ot1bIio councillor
prays the commission to institute an
investigation into the rates charged
by said utility for electricity
throughout it's system and for an
order against said utility to show
cause within a short time to be
fixed by the commission, why an or
der should not be made by the COM
mission reducing the rates charged
by said utility throughout its sys-
tenn"
Order Is Issued
The commissions order follows:
And the commission, having eX-
amined said petition and being adj
vised in the premises finds that an
investigation into the rates of the
Indianapolis Power and Light Com
pany charged its patrons for cleo
tricity should be instituted and upon
the facts alleged in the verified petit
ton, an order should be issued
against said company to show cause
why its rates for electricity should
not be reduced.
1T, therefore, is ordered by the
public service commission that said
company appear before the commits
sion at 10 a. m. on the first day Of
February, 1884, at its Offices, 401
statehouse, Indianapolis, Ind, and
then and there produce evidence as
to the fair value of its electrical
property used and useful in sup
plying electricity to its patrons in
and about the city Of indianapolis.
Its net operating income there
from and evidence as to the fair
rate of return on the fair value of
its electrical property used and use
full; and in all things to show cause
why the said rates for electricity so
charged by said company should
not be reduced.
1T is ordered further by the COM
mission that copy of this order is
sued by the secretary Of this COM
mission be delivered to the sheriff
of Marion county with directions to
serve the same upon the proper off,
GERS Of said company and make due
return thereof"
Procedure Is Similar
The procedure in the case of the
public service commission against
the Indianapolis Power and Light
Company is similar TO the action
recently taken against the Public
Service Company Of Indiana.
Last May, Mr.. Minton filed ale
cations against the Public Service
Company Of Indiana, and the pub
lie service commission, in similar
manner. issued an order citing the
utility, which serves 270 cities and
towns of southern Indiana, to show
cause why its electric rates should
not be reduced.
Subsequent investigations and for
NAL hearings were conducted before
the commission, finally winding up
Dec. II. The commission now has
this case under consideration for
-