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being consumed a t the p r e s e n t time, would be # - f a i r v a lu e , or $ 6 0 0 0 , 0 0 f o r a water r i g h t v a lu e . FAIR VALUE IFOR RATE MAKING PURPOSES I n c o n s id e r in g those items the Commission r u l e s t h a t the sum o f $ 7 2 , 0 0 0 . 0 0 may be taken a s a f a i r v a l u a t i o n o f the p ro p erty f o r r a te .m a k i n g purposes: Water r i g h t v a l u e , 3 cubic f e e t per second @ $2000, $ S ; 0 0 0 . 0 0 V a l u a t i o n o f p h y s i c a l p r o p e r t i e s as o f D e c . 3 1 ,1 9 3 0 6 2 ' 4 0 3 . 6 3 Working Cash C a p i t a l 3 ; 0 0 0 . 0 0 T o t a l < ft7 1 , 4 0 3 . 6 3 The g r o s s e arnin gs f o r the y e a r 1930 from domoctic, commercial and i n d u s t r i a l s e r v i c e s rendered by the water company w r e $ 3 0 , 3 6 0 . 1 0 2 8 , 7 8 3 . 1 8 Operating expenses in c lu d in g d e p r e c i a t i o n f o r 1930 Taxes T o t a l Expenses Net E arn in gs ( D e f i c i t ) 3j_753,69 2 , 1 7 6 . 7 7 3 2 , 5 3 6 . 8 7 Based on the consumption o f 5 8 1 , 8 6 7 , 8 0 0 g a l l o n s o f water fu rn is h e d in Las Vegas to 1397 consumers f o r tho year 1930, wo a re o f the o pinion and fin d t h a t the o p e r a tin g ex p en ses, d e p r e c i a t i o n or r e t i r e m e n t expense and t a x e s should not exceed the f o llo w in g . R e n ta l on R a i l r o a d F a c i l i t i e s $14^455.73 C o l l e c t i o n s 3 , 1 2 0 . 8 6 Maintenance 2 ; 4 5 5 . 9 5 S u p e r v is io n • • 5 ' 1 9 3 , 5 3 Reserve f o r Replacement,2 # on $ 6 2 , 4 0 3 . 6 3 l j 2 4 8 l o 7 Taxes 3 ; 7 5 3 . 6 9 T o t a l l 3 0 , 2 2 7 . 8 3 Tho Company has f i l e d r a t e s f o r th o f u t u r e which a r e the b a s i s o f t h i s i n v e s t i g a t i o n , ranging from 25 to 50 per cen t i n c r e a s e over th e p r e s e n t r a t e s , which a re u n j u s t and u nreasonable f o r s e r v i c e a t Las Vegas, and th a t in l i e u t h e r e o f the r a t e s should n o t exceed th ose s e t f o r t h in tho Commission's o rd e r , e n title d ," C om m i­s s i o n ' s Rate!' An a p p ro p ria te order w i l l be e n te r e d . -------- oOo---------