upr000064 201

Depreciation taken and charged to operat­ing expense account is as follows: $3*096*65 in 1944; $5*507.64 in 1945; $7,035.67 in 1946; and $7*178.45 in 1947. In 1947 the company purchased and generat­ed 4,362*455 kilowatt hours* which was delivered to its distribution system for use by its customers. The total average cost per kilowatt hour delivered to the distribution system was $0.012813. The total average cost per kilowatt hour to the consumer is $0,03834. The number of customers has increased from 954 in 1944 to 1*164 at the end of the year 1947. The company’s construction budget for the year 1948 calls for expenditures amounting to $28*315.00 for new extensions and necessary replacements. The company also contemplates spending $150*000 for an extension of the company's line into the Paradise Valley area to serve Paradise and ranches and farms in the valley. Construction of this line* however, will not commence before the end of the year 1949. Estimated revenues to be derived from the construction of this line will be approximately $45*000.00* yearly. Estimated expenditures will amount to approximately $39*500.00* leaving a net operating revenue from the Paradise Valley operation of $5*500.00* per year.