Evening star. [volume] (Washington, D.C.) 1854-1972, 1948-12-27
Pepeo Increases Net
Under New Sliding
Scale Rate Plan
By Nelson IA. Shepard

Potomac Electric Power Company
reported today the first application
of the new modified sliding scale
plan of rate regulation had enabled
it to increase the book value of Mo-
vember net income to $1,013.771
from an actual net income of $780,
259 from operations during that
month.
That was accomplished by trans
ferring $713,512 from the deferred
credit account to income, with the
approval of the Public Utilities
Commission, in order to provide net
operating income equivalent to So
per cent of the company's rate base
for 1913.
AS a result, the November month
ly report to PUG showed. net in
come for the first eleven months of
the year was $3,46S,463, or an in
crease of $731,241 compared with
$2,737 ,222 for last year.
Under the sliding scale plan, sums
set aside from income of prior years
pursuant to commission orders may
be used to augment income in any
year in which operating income Is
less than 51s per cent Of the base
rate.
The company reported that &C
tual net income from operations
during November. rejecting some Of
the advantages of the recent rate
increase, revealed an increase of
$37,257 over the same month last
year.
While operating costs continue to
mount, November reflected a con-
tinued offsetting increase in kilo-
watt-hour sales, which amounted to
about 81 per cent above November,
1s47.
Comparing November, 1913, with
the same month last year, operating
revenues were $2,759,222. This was
an increase Of 1876 per cent. Total
operating costs mounted to $685.
$40, an increase of 1919 per cent.
The greatest increase In such costs
was reflected in fuel and inter-
change, which was slightly over "a
per cent. Net interest charges and
other deductions amounted to $780,
$40, an increase of $54,115.
b. g. o. Net Above 1947.
Net income in the first II months
Ohio Railroad in November amount
ed to s2,l01, 413 against s1,3l6.775 in
November year ago, an increase Of
$784,638, officials announced today.
Railway operating revenues totaled
$33,475 ,231, compared with $31 ,544,-
1856 in the same month last year, an
increase Of s1,930.375. Operating ex-
penses were 81 1893, 73s heavier than
q year ago. leaving gain in reve-
nues from operations Of $530,636.
Net income in tn ef1rst II months
Of 1913 reached s21,144,544 as COM
pared with s7,523, 1913 in the like 1s47
period, an increase Of $500, ISL. An
increase of $39, 1884 ,009 In freight
revenues, rejecting the increase in
rates and $1,027 1874 in mail income,
were leading factors In the upswing.
Railway operating expenses in the
II months were up $23 ,956, 1888. Oper-
ating income totaled s40,712,772, up
s14,355, 064.
Gets Shipping Post.
John e. Schneider Of 1920
Brandywine street NV. has been
appointed vice president of the
Prudential Steamship Co. of New
York City. A graduate Of the
Georgetown University School Of
Foreign Service, he served three
years with the United States Coast
Guard here and abroad in the Port
Security Command. He Is q son
of the late J. E. Schneider. ma
tionally known marine authority.
The Caloric Stove Corp. Of Phil
adelphia, which maintains q ware
house inventory in Washington, has
announced a dealer financing plan
new to the gas range industry. The
new plan sharply reduces dealer
inventory and warehousing costs
and at the same time Is said to
provide a completely representative
line of Caloric ranges in the dealers
showrooms.