360
CONCLUSION
wide range of problems enter into to ,a
and depreciation of public utilities operating in rural
communities,
As lontb as unstable communitien and a
migratory Population exists no st.tisfaotory solution
bik.sed on accepted economic principles is °lea
Rural Extension
Treatment of valuations and rates on exteustons into
outlying arid sparsely settled ree,ions. How le the tourist
ad migratory labor *amp demand to be supplied/ How will
the heavy obsolescence factor on crude or temporary ex..
&talons using transferred Iliterial from urban development
be handled? Sometimes farmers camps or communities may
be induced to furnish dol es aud kbor in dull seasons ea
that the utility y furnish serwice a reasonable rates.
itY will hay
intain a standard of rot
10k
will permit temporari y unprofitable extensions
0*
tribute the burden over the uuiness of the entire olding
company.
In case farmer organisat4ons do not help build the
line, the usual method is to charge the users of the lines
with the excess of construction cost over that in dove,.
°pod 4rea0, thicees cost to be apportioned among th
customers on
etc of their use, with rebates within
certain time 1
if added customers are eleoured and me.
sums their portion of the oribinal coat, Th e will
e the utility finances all construction,
supplementary rate to cover aervtceCost ant eityrYtAg
charges on the investment in the extension is used.
other tnst.ncee going concern cost is estimated and Charged
to the prospective customers. In general, the serv
worth what it costs
In order to simplify rate vluatione the Oregon Oommins on in cooperation with tk holding companies and otbo.
ere, is now engeged in a signing lues to different
types of standard transmission miles.
Abandonment
Rates must he 12141i e
o allow utilities to
amortise abandoned or dying lumber and farming commu
property on the one hand and obsolete or PpOrlY Paying
properties on the other.
Property acquired in advance
actual needs,
Real estate, generating unite in excess of capacity
r rights, t looking toward future development IS
fully regulated by the commiesions in order to limit
speculation and mistakes, so that the rate base will bee
upon property at least reasonably used andaissful
the public service,
One intangible that the
ding comny is entitled
to earn upon is greater Operating efficiency and upon the
362
adva tages acsruirig to "big
nese, The ld as oomm,
pany wipes out the numerous
e an aqua
rite
through purchace and merger and substitutes a
ly 44o.
pendable linke6-up service, transferring more S
kimnse to the divisional and home office,
mall plant may be operated, it frequently
0 merely
ae a stand-by plant reedy to link into the whole trans..
mission line. Again due to the old fashioned neAure of
the little plenty a larte part of the purchase or merger
charges must be rapidly charged off the fixed capital
ledger. Rural commuLities are apt to receive lees dee.irable or partially obsolete material or equipment trans.
:erred from urban centers. This results ia large charges
to depreciation and a poorer operating ratio tan with
IL e city properties.
ile the conflict between investme
at and row..
panes and
production cost continues, both holding
commissions are, ia fact, coprortst u a rate base,
which might be called the lee,oompoette ue, That
Value i determined from the reproduction coøt 1eae dos
preciatioo, plus working capital plus permitted iota
such t.:s going concern value, and further adjusted through
a consideration of Wei numbers and efficiency of operaOA. Regulation is further aocomplished by the *unite=
classification* of accounts In part, hQ1dLng comearlf
dixisions are conducting two syetems of aoccunting at the
363
same time one for the State CoatteetOn and ano
the holding company's main office.
In conclusion, let it be said that
* wilibe no
mmedtate solutikr: of valuation problem if ever As
as Companies ecntinao to merge, as long as °Wage.
e is large, and until the country sedtlsol down to
rity and old age the only regulation remains.
Commission regulation may giveyny to national regula..
*ion, and even international regulation as utilities
trend totord fewer aud fewer holding companies.
Numerous improvements have made it eossible to in.
crease the efficiency of eneii.tion, transmission, and
distribution of electric eaerey,
re is a marked trend
toward the use of larger genemtio units, hydroelectric
plants, higher steam pressures and temperatures. Aecom.
PanYing this has been the design and manufacture of larger
reformers, higher transmission voltages, new switch
boards and a train of accessories both of inside nd out.
door equipment. All this means obselescenoe of f
as-
setts at an alarming rate
Along with this), the point of slituratton
ice and curves rela
iittting, as judged from
to customers is being approao d. Renee, the frire for
ef igeration, radio artigoods
oads relating to h
bit* utility a wholesale
is agtin makes
tier, an electric repair a4 Parte dealer,
364
new aec
t
Electric
to supplement its
avoid laying lines
nd valuation diePut $4
on he* larkedly declined* and has 1.4
ied with tor bases in order to
distant
tomer*.
The bus ba$
many advantages oner other mea
of transportation* those
is a a ller investment per do
r of annual gross reV400.,
the pr,-perty is removable
construction Period is
ahoy and the exibenoies of traffic can be oore readily
et. The regulation and valuation of motor bus lines is
Cl
an unsettled queetion* and disputes w th.commissiOn*
e individua states have no constitutional
pozer to r
nterstate traffics,
e supervision has been beneficts.
and to the public. The original
ivtn way to the terminable grant
and to the service- t coat franchise which aplooar sound
and equiteb
Accounting methods
ing more standardised
due to the efforts of the tate com1ier4.ons, the operat*
ing companies and v rlous ter rid vrties. Duplication
arises where the uniform system
accounts imposed by the
state commission is unsatisfactory to holding companies
consisting of numerous divisions and subsidiaries. The
Federal and
the operating coin
form of franchise
subject of depreciation is still unsettled, The a
ists would eliminate this accounting on the theory that
the property can be adequately and well maintained through
365
current
9 to operat 0 and only re Cee
made nesessazy by changes in art a
S
be considered.
Recent disputes emiatze
apparent
aptta. Is
tit:Ina public utilities,
There
ment in *eat and equtcnent, neeessa
till a
Unmet,*
to take care of
fluctuating demands wt oh muet he met upon a moments,
notice, and there is e ill a larce amount of intangible
lue and obeolescence to b written off,
Valuation of a public utility frm the vestment
tandpoint involves consideration of growth as reflected
pet operations chokracter of mena emeat
he attitude
and toward regtlatory bodies Ohys cal valuation and
rats.4tzing, the frnnchi situation ma,lor economic cycles
public relations, types of competition, coneolidations
he depreciation policy, and customer ownership.
The welding together of small scattered plants
ngle large unit is in the interest of operating 80440,
omy and lower rates through efficient operation and ono.
/nation of weak competition; however, for a number of
years heavy depreciation and intangibles mist be reduced
Each year hundreds of mergers occur, including scores of
municipal plants that have been consolidated with large
holding companies. Super-public utilities are emerging
and the future is assured for the following basic seeoe
om c reasons. The industry is classified as essential;
368
te potential field is
certain as ppulation growth
per power
and the development of natural resource
eystems result in mallimum economy lid efficiency;
has lifted, labor-savin6 and .luxurey equip ellt tc, a level
which cauees them to be retained in depression derioda;
the cash basis and enstcmers' deposits 'represent
s pre,
ferred ppeition etnonc industr es with respect to wcrking
capital
The rural utilities c nttute the
ra.ve ye,rd
hopelessly obsolescent, extr-marinal 00-tx_ite
dumpint 6round for the
the
and the
,e urban u
ities. The division irs 11K.ve a co:xtcnt b! ttle to
maintain an operatink r:Ltio which is 1qt
te census shows that the apparent pote!i
The
.ket in
rl couLunities has been ,:larked with alocutiny
edly dimloss
-Lane. "Net ins Li*. Ve been
d 21:. nts tc nd lik*
-the sfx11 townh
inished rate.
::wsy0 and i tLeir place
p ctree operatives 1,vve m
n6 over lc.
are transmiteien line cant,s
are in a tra eition riodae evide Jc d by elch
lioity of rates and reulition f etorc. ffecting
that subsidiaries must - intain ind xed looae-leafed
deci tons. :itandards.
books to hold the latest
ization will sirely appear from the ze of dtta. In gen,.
eral rates ae tiniin dowiward euch yesr.
rAl 0 aunity ubiio utilities on te ?solf C
367
are rapidly developing hydro-eleotrio pro ertiss and as
rapidly retiring steam ?lents. While poseessing the
greatest future possibilities, the Pacific .orthwest lags
fat 'behind the hydroelectric gain the ;at
Central
portion of the United Stetes. According to the lbee
Geological Survey, ever fift five million hydroelectric
horsepower are available in tta 'rated Rte
while the
developed water power of lents of one hun r d hove over
and over, is a little over eleven million. In other words,
we are using only about one fifth of our eveiletle hydros+
electric energy. Whet emetine econoMic poseibilities this
forecasts for euhlio utilitiee. Seventytwo per cent of
our water power resources are west of the eieeissippi,
while seventynine per cent of our present power requirements are east of that river. The Pacific coast states
lead all other state, in both developed FIA. potential
water power. What will happen to Buell rural community
plante as listed in the valeet Eons shown.in the aependie
It has already occurred before this thesis was come
puted. The old gee plarlt h s been sold -t a ereat lose,
and the electric plant has teen changed PO much that oee
could hardly identify the present invetory with that of
a year or eo ago. Row long will It be necessary, for one
division of one of the smaller holding companies, to sub.
tract a quart eer .illion a year from eurolus to care for
depreciation? Revaluation ad depreciation are going on
368
nstaat3.y both through the aooute and by way of valua
t on ntneers and their crews rangt
over ea oll division.
eh year the budgets for revamping plants and exteoding
lines into rural sections grow larger, in many cases reaalle
in the Point of dimiaishiag returns
Curves of net capitalisation and value of plant and
equipment have the same general elope when the funds
raised throu,rh financing are properly applied. The fora.
figure usually exceeds the latter due to bond dieeount
and other financing expenses, and perhippe markedly, due
o the method of valuation, X the case of rural commuaity uiiiit e net capitalizatlo will probably always
exceed the results of an actual valuation. a rte' king
oases
talization is secondary and the
e placed
on the vestmeat is the foundation.
The investment per dollar of revenue In utilities is
grea er than in other enter-rises beoauee most of the
apital is invested In fixed assets, Cad tal turnover
and the ratio of current assets to ourrer liabilities are
olio tall Les. The aver-.
of minor importance in rating ,ublje
age ratio of capitalisation to groin revenue for rural
public utilities is near five, y41$ praCtilally a
companies earned their fixed charges, preferred dividends
common dividends, increased. surplus, and wrote off great
is ratio does not exceed two in the cm*,
depreetiations.
of industrials,
t public utilities have seall inventories
369
to turn over,
from ninety to
he fixed asse
ninety-f VO per cent of the total aseete
The funded debt of public utilities operatics
rural communities rune up to eigiaty per oent, while
fixed c arges represent a breater p rOe tag* of em
than
s tyca. of other busiaessess
utiiities under re6ulation hre allowed to
chtLrbe such rates ue upe .:4etoeEsury t Cover the coat of
service rendered, plus a reasoL ole return on the inThe items ma;zint up cost of aerviee and the
value placed on
'eat are subject to proof, and mow
troversy over d reciatitr, its
wits rate, and method
of %let ruination aSua ly arises An arbitrary percentage
vestment.
f the ross revenue is usuall', set aside, or deduction*
for epreciatioa and oJsoleaceace may be arrived at by
methods VarYin4:6 with each holdinki company.
allowances are laroer.
Ath)
A
rio
petty
44.444t4074
Deseaberil, 19a9
Mountain S
Gentlemen;
In asosi
a valuation
ember 30, 1929,
by the Mountain Ste
The inventory
your request, we have
parties of the Coast Pose
Th s appraisal he.s been dated
it being the time it sae acquired
ewer Company.
S property was
em-
bars of your organizat ion and later cheek
by members of the Talus len Departs, t and
field
Pted as
being correct as of the date of acquisition
your Cow.
foflowtxg pages
property by accounts, to
porting Oame.
very tru3y,
MANAGICMINT
ORPOItATION
Vanagar, faluntiou
gest
855134
iwaLla
944 $559
Tai OP-
)
Property PtYsical Total
Costs Construction Undistributed
a Material Total
Additions Net
Patent SW Miscellaneous
Squipment toe Off
932 5
Transportation
3
Squipmen$
etree
Meters mixers
Installation Transform.? ine
ardDsvtoee Transformers iris
891 25
804 3
35$ 30
9tetritut
Oerhea4
Overhead
i
es
763 11
re
454 38
go
6
194 49
Fix and Towers
13883
Poles ribution
System emission
equip Substation nemiesion
Plant.Stese *atria
022 6
506 22
quipment Plant Boiler
550 3
Unite.Steam Generator Turbo
745 6
Strtctines Plant
203
Power Steam
000
Improduetionk
*MAST
00. POT=
AST
0
rking Capital and Uteri* and uPPllis19 864
Organization Upon,*
Uoi
Total
of 14
COAST ?MR
LAND
8 ens ?1,ant
Referee Tide Lots Noe. 11
(anal town of
o
U the corporate limits
14
.0016010110100100,000**m064.. Copagoolsol.owsspiodsisswool
$ point 60 feet aorth of th
tier of 140. So 4 in Block No.
(now.
00A8T PO, n CO.
wtR PLANT STRUCTURICS
d Ag
A one and two story wood fres* se
ng, 60$0104x52* average height, Heavy
tracture set on concrete Piere eaoh
coweredbuild*
r
nilos
rt of fl oring 20 conorote on 2,00 Strinleze laid
Ise flush
concrete
of flooring
24 wood oolusos sAd built up wood trusses,
storage bin built of 30240 laid flat supported by 12 x12
Ages*. A st;o4 frame ventilator over rata bins
4 wen ilators over turbine reams Corrugated 8111
sad iron siding and roofing.
Huss
1
A one story wood fro
21.x
t sx60 wood frail og, wood siding corrugated
nixed iron roofing No. floor.
Warehouse
115 292
A one story wood frame
*1 5' corrugated galvanized iron aiding
on cedar
ring
]dtng 49ixe0°
flag wood
en Rous
*o0,. story buildi
plank walls roof and
*x 74x161 part oxoaveltod,
y Wood fftmO building 9
It
Set on cedar
f sheathing 2 plauk flu%)
posts.
01089
chine Shop
vnge,
*rage bin*bout 100*
772
deep no
031x
tog or roofiogaw p
supported by cedar poste
frame*
Retaining )411
A wood retaining "Pall 1112011
4
ess30g piles 21100 e to 0,
9'.
are*
improvements tno]uding tIU
noes e
driveway),
Total Steam -,Power Plant
Structure*
$74 SOS
CCAOT POx
IR PLANT
420 TPWatt
.
tars
Oupe
ns WAX Oh Arab
0
t
oet tretalled
st,elguiód ptack
talled
ou
1 Gardner
feed PusP
tolled
oloeed tiPOwa
nstalled
halm with
convey re to fuel storage a
lightsa Part in wood housing*Zne1udtng #3$
non' bog. Dwptng hopper and supports
4 555
otorfor falfl oonvOWOrs
11 RP 3 phase 00 cycle 3300 volt
It mote
15 RP 3 phase 60 cycle
motor
17 1/2 PP
220 iols 1000 r.P00*
I motor
HP 3 plums 50
motor
aeo
t
/2 too WbLte truck zith hole
bed (futt truck from ocanalll to ockalropo
Ptjttflt Piptzg
111sco1lacecus boil., roes tat
Total
otal Bailor
Squtpoost
Poun cc.
RIJ
TU
1500Kw Curtis steve turbine oondensing
fo
A steam plesure 175, Co. to
1 law Kw ate, 0 t generator type ATR.2016 5 Mir.a
3600 form T amp
eycle, 3 ;base.
Concrete foundatic
Cost installed
certing mult 30
#1967 PO..47655
va0*
connected to
75 RP 2300 volt
phase 1200
3. 75 fito motor (spare)
2 RP mtOr 4 c to oentrfua1 pump.
Cost installed
Curtis 8tsea. tub3ne condensing
0 speed 3600 stsan,pressare 1504 d 0 to
c generator type ATB-3-6260.3600
to ts 3300 amp. 157 speed 3000 3
phase, S0 oycleb P I 80 per cent on
Concrete foundation.
oat installed
200
Works rotary turbo con
64 temp. #41199 with
3.
35 RIP
turbine 2
rp
fors A
Cos
Concrete f
turbine.
or 500 Ky
ake Lines
stoat
d stave flume
Co
ii
085
eohe
4* tile 4* aveage oover
Cos
stalled
Motors and pumps
900 r p m 2
3 phase 60
tor d c to
nL,g centrifugal pump
oat
cycle motor 4* te
RP 2
1 Dolan
Total
0 Kw
inghouse
41,nirtel
ea 2tue
tVflSUT
%SOO
Oa vic4T
tals ovals licre q
di
90t
Pet
la; %goo
onewertoos
9 soq.ow
lto4
OBE a
CtUrt
tTO
Ira
990 t
I OA J0A
ett
t
Naos atoAo
1, *au
"
ad 41 szeszo;euval,
Says/a
ostotaanz4
ticalas
00 172 itoct
Ikgrld
NVSZ
ILLOSTE
404 /SVOO
411
COAST ?OM CO.
?RP
155 ION SUBSTATICV
Outdoor type
6 200 Kw 2300/11060 volt 80 C
formers
3000 volt PM switches
'IR NT
e 1 phase trans.
ulators and wiring
4 30' poles
10-61 orossarms
60,-C4 wire tepee
Concrete pad
90
Total
TotqJ Trans
Substation
$8022
on
COAST POWER CO.
TRANSMI
IOI SYSTEM
11,000 volt
A 3 phase mingle circuit line total le
listed under dist
Majority of poles
Poles, Towers
30' wood poles
aaobor iiuye
,ures
wood Oro aurae
bare copper
106 $11.81
1 252
64
12.37
792
9
3.46
332
10
4.00
90
CIO
Sid
lat es
oopp
ulatore
1 uiso, dead end*
T
volt PM awttohes
Total,
Syetela
9 a so .00
ranemiesion
SOT
Ttop int
9
014n0P eTd
otihrto vtd
1111101140
vi.
pool
Lz - et
oe*te
09 'ST
oi
cootoci et;
S
11,4;
got st
00*T
112PRI
St"
Z
Ott
89Z
ett
29'2
Lee
trehile
d
eztaggeozo peel,
°el
£' VT
LOIS sogauli
8g8 t
Lva
se tad
25 ft. poleB
11
0.51
105
30
28
11.01
337
1
12.37
12
7
2.13
Asohor guy.
Wood orosearoo
2.68
&Mr*
Wood rumors*
inglo
4
Wood braokoto
Total
25
#9.51
10
11.81
3141
4
20.10
so
1
33.80
24
6
9.04
ell
30
Anchor guys
4004 c roe sa rms
2 pia single
12.37
35 ft. poles
40 ft. poles
Read 6uys
Anchor guys
$15.68
$ 251
20.10
1 809
9.04
63
12.37
445
3.13
2.68
5.65
2
od dares
2 pin single
4
287
63
769
35t.
44 666
5 ft. poles
30 ft. poles
35 ft. poles
40ft. poise
ft. Polea
534
131
102
poles painted
107
13
9.51
11.81
15.68
20.10
27.25
2.70
1.83
2.00
4 974
6 307
2 054
2 050
109
251
04tat V
T
840 ieqzy
81,n2 puts
,O.6
Wood crouars*
2 pin single
65
4
46
6
4
# 2.13
2.60
5.65
6.23
4ouble
Total
Total Distrtbutioo Po set
Towers and Fixtures
U.
174
COAST PCs" R CO.
DI TRIBUTION OVERREAD COADUOTC
Secondary
ft.
6 T.B *.P.co
5.7
$36.
Totals
Primary
#8 T.B.11
Seeondary
#8
t.
204
38.52
45.4
38.52
Total
Seoondary
#6 T .B .* ,P
wire
kt :t.
38.54i
?451 ta 1
PriearY
T.B.W.P. copper wire
Secondary
#6 T.B.W.P. eopper wire
ning &riveters 13000
f
It ft
20
36.3
38.52
* ft.
To
$3217
Primary
#6 T.9.
.
Secondary
copper
#6 T.B.f.P.000per
I ft
A ft.
Total
Primary
#6 T.R.
Seco
#6 1.11X1,Y. copper wire
treat Litbt
#6-1 B W,P. copper sire
3952
5.7
185
38.52
$ 435
#6 T.B. .P. copper wire
13 Av Insulators
Secondary
14 T.B.W.P, copper wire
a
it
a
#8
16
*
0
a
Street Lighting
#6 T.B.V.P. copper wire
X ft.
M ft.
X ft.
M ft.
M ft.
L ft.
Total
38.
.W.P. copper wire
14tting
T.B.E.P. copper sire
Arrestors 13 iv
41 051
43.9
39
35.62
1 5q0
;16 839
224
17.1
3a.ea
.8.62
1
13.1
T.LLP. copper wire
ri
47.65
1.10
54.02
39.52
27.65
280
27.65
15.00
306
92
5 140
1 214
660
216
45
$1145
total Distribution 0
rhes.d
t32 484
COAST POWER CO.
OVMEAD 8tRincza
wire # 8 copper
2 wire #8 eo
2 wire #10 oe
3 wire #8
4 8.44
6.44
5.14.
8.25
84
386
....a.
$ 495
6.44
3
2
tre #8 copper
#10
#6
0.44
5.14
11.69
148
838
...a.
$1008
6.44
135
$ 135
9.25
11.69
372
6.44
8.25
483
17
99 T
Lit E
9t'et
IT
99'9
ft *9
W9
1t9T
8
/et
Ree
tnoi
9#
*
zeddos 9. *apt g
*odd**
IN
COAST POWTR CO.
.1ANSFORMERS AND DTVICIS
60 cycle single phase
15 Ks. 11030/220 volt
$334.81
235
-00.0ftworawwwwwwwirelwrallN).
60 cycle single phase
100 Iv 11000/2300 volt
I
SO
25
15
*
a
2,230/230
2
*
3
10
5
4
4
1
0
2.5
1
ft
ft
if
2
683.46
272.46
228.32
156.93
120.43
/7.65
56./4
53.27
36.20
60 o'cle single
250 Kw. 11100
50 * 2310/23
volt
laao.po
373.)4
Total
200 Xs. 1
25
*
15
*
10
*
phise
0/2300 volt
2330/230
*
*
250
545
457
218
361
311,
235
53
,76
$4406
Total
60 cycle s
Lan.
3 840
373
4 213
1 110.00
236.32
158.93
120,43
3 330
228
318
241
.300/230 volt
I
*
Total
234.01
Total
60 cycle single Phase
15 le. 2300/230 volt
10
158.93
120.43
99.99
*
7
TV!
36.20
50
37
15
10
volt
4
4Z30A30
2
4
.09
.00
158.93
Iaa.43
Total
6) cycle single pbase
50
53
37
w. 11303/2340 veil
300/230
*
100
165
59
,ZE
669
To
80 cycle s
159
946
390
318
42136
4 -.09
373.04
304.55
1 419
sooTAva
emanewedlz
atm'
Tet404
tetoet
Vt0A
02 /ooze0 2/
oee OCOTT
Si
ee qd eVuTs stoAto 09
03'82
Tt'Zt
Les t
eg
F6'66
EVC8I
26'89T
E9"26T
Zed8M
1IN
Installation cost for I t
CCJAST
RANSFORMER
CO.
XSTALLATION
neformer
241
325
Alton cost f
1 transforms?
.21
33
94
208
00A3T POW
C0SUi4E148
Single
5 asp.
0.
RS.
e 60 cycle
0 volt
Tots
8.10
9.54
10.75
8
Total
81ogle phase 60 cycle
5 asp.
110 volt
*
Stasi* phase 60 cycle
5 asp. 110 volt
*
10 asp,
25
1
Polyphase 60 cycle
100 asp. 220 volt
45
6
8.10
9.54
8.10
9.54
12.93
44.05
364
1
78
638
Sini;le phase >:30 cycle
5
isp. 110 volt
Single phase 60 cycle
5 amp. 110 volt
10
9,80 60
110 vo
2,'"V Volt
Single phase 60 cycle
5 amp. 110 volt
10 *
220 volt
25
Polyphase 60 cycle
50 amp. 220 volt
la Service
Single phase 60 cycle
5 amp. 110 volt
m Service
10 amp. 110 volt
15
25
109
199
108
m
*
Polyphase acters
50 emP. 220 volt
100
*
5-
* with-em-rrent-and----P0
in liervice
Agle phase 60 cy
5 &IP. 110 volt
ID
212
73
28
*
-Ouse 60 cycle
amp. with curreni
9,54 $1340
10.75 2 139
12.93 1 386
38.28
44.05
105.00
72/
8.10
9.84
10.75
12.93
17.57
1 it4
525
301
39
35
105.00
18 147
ass 80 cycle
10
amp. 1100 volt
10
*
6
15
Polyphase 60 cycle
15 amp. 220 volt
4
'rota
8.10
9.54
10.75
31.98
324
95
64
aat.,
611
$25 691
22
_A?
0
meters phase
Bing
Single phase meters
Polyphase meters
335
1 Ill
IZ
1 755
ingle phase meters
YObase littera
62
9
81'
POWSR CO.
TING itQUIplawr
addi
To
Ice tgu.
ent
COAST ?OVER CO.
T
NSPORTATION WOMEN?
Ford Roads
1/2 ton Whits
Totel Transportation
'Nutmeat
1111101:1LANICOU1QUXPMfl
Line. tools ladders.
To
Total, bitsesil
Equ tpaent
us
Trtrodeff
1 Co
request, we have prepared a
report, covering the Reproduction cost arid Reproduction
Cost less Deprediation of your physical properties oo
Gent].In accordance with
taiaed in the let and and Divisions.
The report has been compiled in accordance with the
Uniform System of Aocounts for Gas Corporations,' as prow
scribed by the national Association of Railway and Utilw
ities Commissioners.
arch
We have found your total property values
31, 1930 ta be as follows:
Reproduction Cost
lees
RIneez
fa:725On
Piqt97
a ad
Total
nig Capital
division
division
Going Value
let division
2nd
5 001,293
43,974,954
SO
65,760
6 651
Zan.
467,950
of
ad
45,573,633
pages will be found the general d ow
missions, brief description of property and all MAat
supporting the Reproduction Cost and Reproduction Cost
less Depreciation figures heretofore mentioned
On the follow
Respectfully submitted.
tALUAT
NLRAL D SCUSSIONS
RVRODUCTION COST, as shown in this report
9 tftatsd cost in cash of reproducting the Ohysioa
party of the Gas and Fuel Company as of larch 31, 1930
and Is based on prevailing material and labor costs a$ of
that date. Material costs were secured from actual quo..
tations from Manufacturers manufacturing the items
question and also from late purchase records of the coos.
pany. Labor costs were based on actual wages paid as of
the time of valuation.
RtPRODUCTION COST
t
D?RXCXATION, as shown
report, is that figure which remains after deducting
the Reproduction Cost an amount to cover the actual delireo
ton of the physioal elements of property. aocrued doLotion has been estimated by field inspection togeth-
la all other pertinent facts such as history of pas
ice, prebably character of future
ea and method
and character of maintenance.
n to the
notarial and labor costs of a coasodittee entering into
construction of the gas property in queetionp th
incurred oertain expenditures tsepamble from
construction of the property, wbidh are a neo
of its cosi, but which are not capable of physical idea.
tification after the comiaetion of construction work
UNUSTRIBUTED CONSTRUCTION COSTS;
In add/.
These expenditures cannot be included in the Reproduction
Cost by the application of ua t cos
Trois their nature
they attach to the whole or to large parts of the property
rather than to any particular units. These expenditures
are called *Undistributed Construction Costs* commonly
called *Overhead Costs* and are actual physical costs of
construction.
We have therefore included in our Reproduction Cost
an allowance of 18 per cent to cover the various items of
overhead expense. These undistributed construction e0
nolude Engineering and Superintendence, Law Expendd ures
during oonstruotion injuries and Damages during Construe*
tion, Taxes daring construction, Miscellaneous Construe.
tion xpenditures and Interest during Construction.
The report does t include any discarded or super*
secied property. Wherever a notation is made to the effse
that a certain item of property is non-operating, it me44$
that at the present time this item is not used in opera
%ion, but may be useful at sous future tP141 or may be used
for other purposes than gas operation.
BRIM 'ASCRIPTION or ?HYSICAL t:RaPFRTY
The plant of the Gas aad Fuel Company produces both
cos]. and water gas. The apparatus for the production of
the fomer consists of eleven hail° es of six retorts each
which are of the sesi-regelerative type arid have a total
capacity of 550,000 ou. ft. per day. The water as generating apparatus consists of three sets of producers of
total rated daily capacity of
the Lowe* type,
750,000 cii. ft. The plant is well equipped with purifying apparatus and all necessary accessory equipment.
In addition to the above plant, the Company owns a reeetve
gas plant in the City. This plant consists of a corrugaa
ted iron building Which houses one *Jones" oil gas set
having a total daily opacity of 100,00 cu. ft. The
plant is not operated at the present ti: but the equip-sent contained therein is useful for producing puraosee.
The Company owns and operates well maiatained dis-
tribution systems in the cities. The let system iacludes
the Ruston, South Taooma, Oaklands, Regents Perk, Dupont,
Aaerioan Lake, Gravelly Lake Caap Lewis aad Steilacoom
districts.
istnibutton system in the 1st division consists
of 251, 121 feet of high pressure mains, prevailing size
40; 824, 930 feet of low pressure mains, prevailing size
40; 13,057 services prevailing size 1 1/4 au average
length 75' and 14,667 Aeters. The lumber of aeters
The
eludes all districts served oy the Company with the sxoeption of Olympia.
The distribution system in Fuyallop consists of
102,339 feet of high pressure mains ttLd 100j6 cervices.
This city is served from Tacos). by means of a 4" high
pressure line 27,085 ft, long.
The distritbution system in the 2nd :ysteal co:, tete
of 33,689 feet of hi pressure maias,
213 feet low
pressure mains 1p567 service and 1,0
A
system is served from Tacoma by fLezz,ns
ters.
This
40 high pres-
sure line 141,468 feet long.
The distribution system in the rur1 districts Of
Dupont, American Lake, Gravelly Lake, Ccmp Le
s. Steilac-
Qom consists of 42,071 feet of high pressure nairls and
ervines and is served from 1st and 2nd system 4"
pressure 4Line.
The entire transtission and distribution systems of
the Company therefore consist of l,499,89( feet or 484,06
miles of maine, 15,972 services aad 15,963 meters.
Detailed desoription of pAl droperty is contained on
Lowto detail Pag0
$3,974,954 45,001,293 Property Physical Total
Division 2nd Total
2,249
16,995
49,386
1,218
186,941
30,391
25,242
6,000
1,035
143,945
21,274
18,932
6,000
$321,789
977 $248,
1.045
1,799
14
521 38
Equipment Miscellaneous
Equipment Office
asters
Services
Regulators Gas
Maine
Equipment Plant Gas
Structures
Land
jaziligg
25,977
4k9415
5,160
3,845
1,680
15,316
2,100
16,923
209,0
36
24
2,023
50 120
38 78
88
798 64
n44
46.9q
6,880
5,126
2,100
20,424
d:800
22,564
240,271
35,004
37,352
314,360
109,144
/0,944
17,502
31,749
257,775
58,331
52,498
Divisi Total--let
Supplies and Material
GaPital Tangible Miscellaneous
Ecuipment Miscellaneous
Equipment Laboratory
Equipment Transportation
Tools and Equipment op
Equipment Office
461,320
29,364
2,594,865
160,676
97,548
114,840
92,568
227,002
227,002
treoiation
Ds- less Cost
eproduction
Meter,
Services
Regulator* Gas
Mains
Equipment Accessory
Apparatus Purification
Sets Gas Water
Retorts and Benches
Plant Boller
Equipment Plant Gas
Miscellaneous
Office General
Holders
Station and
Works
Structures
Lhad
1.01)1114114*
Cost
auction repr
SUMMAYT
COMPANY
run
AND
GA
REPORT VALUATION
W9441* C.04/
lot Division
Ad Division
0qir Yeklue
lot Division
2nd Division
65,760
6,651
$65,760
6,651
tO, I
Value and total cost
SUMMARIZED RgPORT OF DIVIIO
LAND
Site of Office Building * 37,500
Site of Gas Plant and Mold
el
85,400
Site of Warehouse, ahop
and Garage
Site of 1,000,000 f*.
holder and new Gas plant
12,436 acres
17,600
62,180
Total, land
Undistributed contructton
Total, Land
8TRUCTUR
Works and Station Structures
Retort Rouse
6,900
Water Gas Building
Coal Gas Exhauster Room
Boiler Rouse No. 1
7,440
2,640
2,376
Water Gas Exhauster Room2,0t
Water Gs Room 9$ set
5,654
Boiler Rouse No. a
6,133
Works Office
907
Tar Dehydrators Building
389
Meter and Compressor Rouse
at Bolder
5,81'
Oxide Room
886
209
516
160
700
900
Cement Shed
Ash Storage Pit
Tool Roam
Cinder Bunker
Boiler Coal Bunkers
Gas Storage Coal Shed
Storage Coke Bunkers
Coke Storage Shed
Ammonia Shed
8,353
610
3,000
469
95
Boiler Feed Pump Rouse
Industrial Track at %forks 1,440
0E1 storage Tank Founda-
tions and Pit
011 Pump Mouse
Dock
10,410
100
10,000
Miscellaneous concrete walks
pl'..nk walks, earth fill
wood fences, etc ,
6
T
Total, Works and Station
structures, material and
1abo
Undistributed Construction
Costs
Total, Works and Station
Structures
Gas Holders
4 lift 4as bolder
3 lift gas holder
single lift gas holder
T 94,090
15,354
4 1A,144
133,000
90,000
46,000
Total, Gas Holders
material and labor
Undistributed Constr.
posts
Total, Gas Raiders
General Office Structures
271.000
43. 69,
314,360
cost includes interior partitions, counters, vault
and ornamental iron
32,300
Total, General Office
Structures, material
and labor
Undistributed Constr.
costs
Total General Office
Structures
32,200
352
scellamboue Structures
Warehouse and Shop Buildings
25,116
Garage
Garage Shed
1,441
1,119
2,500
Operator's Cottage
Total, Miscellan.
eous Structures
Undistributed Constr.
Costs
Total, Iiiscellantous St uctu
Total, Structures
3),1:76
4 ff.*.
503
495,860
GAS PLANT EQUIPMENT
Boiler Plant Equipment
"Erie* return tubular boilers
boilers
Babcock and Wilcox Water Tub
Scotch Marine boiler
Gardner Duplex Water pumps
Peed Water heater
Miscellaneous plant piping, inc.
superheaters, and accessory
12,000
21,250
5,500
435
900
,boiler plant equiosent
Total, Boiler Plant Scuipqr
ment material and labor
Undistributed Constr. costa
Total, Boiler Plant Equipment
notes and etorte
cml Gap benches
material and labor
Undistributed Constr. costs
Total, Benches and Retorts
later Gas Sete
Young-Whitwell vs process installed on
the foregoing gas sets
Total, Water Gs sets M&terial and
Labor
Undistributed Cotstr. Coots
Total, Water Gas Sets
Purification Apparatus
Purifier tanks, complete
Purifier tanks, complete
Grids, Scrubber, complete
Grids, Scrubber, complete
Grids, Scrubber complete
Grids, Scrubber, complete
Baffle Scrubber oomdlete
....13421§~
56,331
79,800
Total, Benches and Retor
Complete
Complete
Complete
50,285
79,800
.32A768..
92,568
43,700
23,200
26,100
6
ook
99,000
15,840
414,840
16,100
20,000
2,000
1,808
1,357
1,500
5,100
GAS PLANT EQUIPMENT(QOST,D)
western Gas Constr. C
scrubber
Grids scrubber, oomple
Scrubber, complete
Western Gas Comstr. tar extractor
Western Gas Constr. tar extractor
Tubular Condenser
Tubular Condenser
Water Tube Condenser
Dherty washer cooler
8 SOO
1,758
1,200
2,850
3,195
3,000
MOO
3,800
Total, Purification Appa,tus
material and labor
Undistributed Constr. costs
$4095
Tot 1 Purification Appara
97,548
Accessory Work. Equipment
Blowers
Spare Kerr Steam turbine
S.E. Sturtevant
Buffalo Cupola Blower
Walt Blowers
Compressors
IngersollRand *Imperial"
ingersollRand class
Clayton compressor
Total Compressors
tshausters
P.a1 and t.11
II
Tots
Pumps
Worthington outside p
FairbanksMores oentri
Kinney rotary pump
Union Iron Works a stage cent
Worthington fellari
Gould centri
1 pump
Deep eon Pump
4 WO
2,100
2,550
4,000
Demming-.Triple pump
Platt Wonder
Pumps
Te nke
Oil storage tanks
Steeltar' tank
Steel tar tank
310
0
200
00
Cast iron meter
Steel tank
Wood tanks
Miesallaneous
Oraig Ridgeway s ewe hydraulic lift
Oil heaters
Coal elevator and conveyor
Greer ammonia concentrator
metoa1f*2haw tar dehydrator
Tar and ammonia eepa Tatar
Tar wells et concrete
Patterns of miseollaneous fttttngs
Concrete eater reservoir
aoo
1.800
3,800
4,000
480
1,490
2,000
3,000
Water tank
100
Artesian Well
3,313
Palate and Mellhanny
2,530
Connally automatic govenor and 1 connefly 1,
Westinghouse proportional meters
Plant piping and fittings, including
gas, steam and water piping.
tal, Wiecollatecuil
Accessory Plant Equipment
'tel and labor
tad Construction costa
Plant 14
EquIPUNIIIT
WAREHOUSE CHARGE
BYLLESBY E. S M. CORP. FORM W I
JOB NO
THE FOLLOWING
MATERIAL WITHDRAWN FROM_
SUPPLIES FOR USE ON
W. 0. NO.
2000
1
FOR
TO BE USED AT
QUANTITY
25
DESCRIPTION OF MATERIAL
UNIT
CATALOG NO,
UNIT
PRICE
I
eadends
;0
nsulators
40
IEl
e
W.P. Wire
s
-8 W.P. Wire
Es
round
louse Knobs
FILLED
COST
VERIFIED
RECAPPED
RECEIVED ABOVE MATERIAL
DATE
TOTAL
FOREMAN OR WORKMAN
192_
COST
32
.5
NAME OF COMPANY OR DIVISION
FIRST
LAST
HALF
HALF
NAME
1
2
3
16
17
18
4
5
6
7
8
9
10
11
P.W.O. NO 2000 R
LOCATION NO
S.W.O. NO.
12
13
14
JOB NO.
15
19 20 21 22 23 24 25 26 27 28 29 30
TOTAL
31
HOUR S
RATE
I
AMOUNT
____
13.O
a
al
EN
TOTALS
I
I
Imegi
1,
NAME OF JOB
REQUEST NO.
ENG. CONTRACT NO.
INST. EST. NO.
MONTH
CONST JOB NO.
REM. EST. NO.
C.
6.60
2,00
.10
.75
.50
5
.40
.00
50.00
6,00
4.00
175.50
.02
6
'
13.25
3 00
200
1 38
46
.05
ITEMS
DEPRECIATION
EXPENSE
CHGE. & SALVAGE
is
2%2
MATERIAL
13.00
2
LABOR
3
INSURANCE
45
25
0TRRTAANT sic;
5 00
23 10
8 12
70
20,jg
CONSTRUCTION
TOTALS
2 75
7 50
5
50
BUDGET ITEM
85 1
75
50
7.
BUDGET REF. NO.
55 00
2 ,na
13 68
11 39
E
20
YEAR
--,,
LOCATION NO,
R.
0
C
REM. JOB NO.
5
P.8 .
6
TOTAL
%
7 =12AHLEAD
TOTAL
LOCAL COST
49
ENG.
to
SUP.
58
lI
%
_
TOTAL
T
I N TDEARyEsS
INT. ON PRIOR
13 CONST. LINE
11.42
9 69
)(
DATE
APPROVED
BY
-,
201.26
90.15
111.11
20.24
31.
11.10
_
._
)(
ENTERED
ENTERED
CONST. LED.
232 92
15
142.60112
)
W.O. RECAP.
19 -
14
)
)(
90.32
TOTAL COST
17
cOINT.
18
DEPRECIATION
SALVAGE
19
42.60
cogEs;r4RouvcETDI ON
5 .30
D;C)TRA.1;8.
65.00
PRIOR CONST.
LESS INTEREST -
BY
DATE
AUDITED
20 DEPRECIATION
30
BY
BY
21
TOTAL NET
EXPENDITURE
183.62
NET
TRANSIENT STORES CHARGE NO.
THE FOLLOWING MATERIAL WITHDRAWN FOR USE ON WORK ORDER NO
c-2000
ACCOUNT
I
COST
DESCRIPTION
USED
Portion of
5.00
0 988
TRANSIENT STORES REC. NO
TOWN
TOTAL
APPROVED
DATE
00
SIGNED
193__
LOCAL MANAGER
ACCOUNTANT
STOREKEEPER
p.
WOW
FIRST
HALF
MONTH OF
-
LOCATION NO.
LAST
HALF
NAME OF COMPANY
AUTOMOBILE OR
VEHICLE NO.
26
is
S. W. 0. NO.
DIVISION
2
3
4
S
6
Is
,9
20
21
i7
7
8
0
10
22 23 24 as
//
2t3
12
13
14
IS
27 26 20 30
TOTAL
HOURS
II
IM
1
I III li
RATE
P. W. O. NO.
2000
JOB NO
A,1 CU
A
111
26
26
U
II
1
mr
M
2
C
3
I I
0
M III
.4
E
26
3
IIIIIIIUIIII
5
____iiiiiiiiinhiiii
F
.7.5
.':
2.
6
X
DEP.
EXP.
SIMI
_
TOTAL
975
NAME OF COMPANY OR DIVISIO
FIRST
HALF
NAME
10 Men
I
I
TOTALS
LAST
HALF
1
2
3
16
17
18
4
5
6
7
8
9
10
11
LOCATION NO.
P.W.O. NO.
B.W.O. NO.
JOB NO.
12
13
14
15
19 20 21 22 23 24 25 26 27 28 29 30
31
TOTAL
HOURS
RATE
00
AMOUNT
55.00
WAREHOUSE CREDIT
BYLLESBY E. & M. CORP. FORM W
JOB NO
THE FOLLOWING
MATERIAL RETURNED TO
SUPPLIES TO BESalirrage>
ORIGINALLY WITHDRAWN
TO BE USED AT
QUANTITY
DESCRIPTION OF MATERIAL
N9
CATALOG NO,
Insulators
80 lbs.
Serap Wire
VER FIED
5979
UNIT
PRICE
#6 W. P. Wire
20
RETURNED BY
2000
FOR
UNIT
250 lba.
W. O. NO
RECAPPED
RECEIVED ABOVE MATERIAL
I/
55.a0
DATE
192
TOTAL
COST
.
-REQUEST FOR JOURNAL ENTRY
2 2 9. CORP. POEM .1.2
DATE OF REQ U EST
ENVELOPE NO
19
JOURNAL ENTRY NO.
FOR MONTH OF
COMPANY
TOWN
DIVISION
SUB -LEDGER
DEBIT
GENERAL LEDGER
DEBIT
CREDIT
ACCOUNTS
CREDIT
Gross Construction De ;ItS
Depreciation Reserv
70
Materials & Supplies
GsouonCedits
1
Supplies
Work Orde Libor
Transport'.,
xpe, e
Transient
insurance Aceoun
Looal Over- -id
0
132.85
a
8 00
2.75
5.00
3.2.0
8,12
15.84
5 2R
nteret oa_Constri
,58
.-ti on
65,00
REMARKS'
DATE
APPROVED BY
REQUESTED By
JOURNAL ENTRY MADE BY
19
INST.
COMPANY EST. NO.
REQUEST
DIVIsioN NO.
/MP.
1.864
CONST.
VVV
REQ. No.'
JOS. NO. C.
BUDGET
BUD
REP. NO.
J.OU3
ITEM
LOCATION
NAME OF JOB
DESCRIPTION
LOCATION NO
IS THIS AN ORIGINAL OR REVISED ESTIMATE?
IF REVISED, GIVE ORIGINAL. ESTIMATE NO.
DOES CUSTOMER PAY ANY PORTION OF COST?
WHO WILL OWN PROPERTY?
NEW OR OLD HOUSE
HOW MUCH?
READY FOR SERVICE
INSPECTED
ANNUAL POLE RENTAL.
REMARKS:
CITY
' PERMITS
PRIVATE
PERMITS
BLUE
PRINTS
SUPPLEMENTAL
CONTRACTS
REBUILDING
OTHERS
WHO IS REQUIRED TO REBUILD
REQUIRED
1
REQUESTED
SECURED
QUANTITY
MATERIAL
UNIT COST
AMOUNT
TOTAL MATERIAL
10
CONTINGENCIES
Deadende
000116 WsPe Wire
3.60
3.00
.00
50ff 03 LP. Wire
U0Q
5
IbAulatort
,
LIABILITY INS.
@ 9 00
TRANSPORTATION
Toole
$100.00 OF LABOR
PER HR.
HRS. a
or labor
TOTAL
LOCAL OVERHEAD
IS.
Miac, ater1al
o
LABOR
80,00
4 .50
10.00
1.00
220.3.6--
%
TOTAL LOCAL COST
ENGINEERING
0
SUPERVISION
%
TOTAL
INTEREST
.63
% PER ANNUM
DAYS @
ASSIGNMENT MAT'L, (
ASSIGNMENT MAT'L (
TOTAL ESTIMATED NEW CONSTRUCTION
COST OF OLD CONSTRUCTION
NET NEW CONSTRUCTION COST
COST OF OLD CONSTRUCTION
REMOVAL COSTS
252.49
4
109 sai-1
142.60
GROSS DEPRECIATION CHARGE
SALVAGE
NET DEPRECIATION CHARGE
TOTAL NET EXPENDITURE
V
GROSS EARNINGS
OPERATING EXPENSES
NET EARNINGS
FIXED CHARGES
% ON
BALANCE
% ON
REQUESTED
DATE
MY
---i ESTIMATED
H
DATE
CHECKED
DATE
APPROVED
DATE
APPROVED
By
SALES MGR.
I
CREDIT DEPT.!
DATE
APPROVED
DATE
EXAMINE
BY
BURT.
DATE
APPROVED
BY
AUDIT DEPT.
DATE
COMPLETED
ISY
GEN. MGR.
DATE
BY
FOREMAN
IMP
REQ. NO.
BUD.
REF. NO.
REM.
EST. NO. jQ
COMPANY
REQUEST
NO.
DIVISION
LOCATION
NAME OF JOB
DESCRIPTION
REM.
JOB NO. R.
BUDGET
ITEM
LOCATION NO.
REASONS FOR REMOVAL
BASIS OF ESTIMATE
NOTICE FOREMAN: Please note on removal estimate any changes in the removal of
material other than listed. If more material is removed than listed please note same on
removal estimate, also cross out any material not removed.
SIGNED
FOREMAN
DESCRIPTION OF WORK TO BE DONE AND INSTRUCTIONS TO FOREMAN.
ORIGINAL COST OF CONSTRUCTION TO BE REMOVED
ITEMS
AMOUNT
PRESENT VALUE OF MATERIAL TO BE REMOVED
ITEMS
AMOUNT
p.00
A
B
C
0
E
4r*
al
TOTAL MATERIALORIGINAL COST
$
CREW $
CREW $
LABOR
LABOR
LABOR
ASSIGNMENT MAT.L.
TRANSPORTATION
60
TOTAL, SALVAGE
TOTAL LABOR
INSURANCE ft
0
TOTAL MATERIALSALVAGE VALUE
CREW
$100.00 OF LABOR
HOURS fl)
PER HOUR
TOTAL
LOCAL OVERHEAD
n
31.00
2.65
10.00
124.65
4
SHRINKAGE IN VALUEORM/NAL 009T
21.00
REMOVAL COST
I
TOTAL MATERIAL
CREW
LABOR
CREW $
I LABOR
TOTAL LABOR
3,00
3 24
142 80
SUPERVISION
TOTAL
INTER EST
DAYS a
ASSIGNMENT MAT'L (
% PER ANNUM
ASSIGNMENT 'NAT'L (
)
)
ASSIGNMENT MAT'L (
)
ASSIGNMENT MAT'L (
0
)
TOTAL ORIGINAL COST
TOTAL REMOVAL COSTS
NET LOSS
RECAPITULATION
I
142
REMOVAL COST (DEPRECIATION RESERVE EXPENSE)
TOTAL DEPRECIATION DEBITS
PRESENT VALUE (DEPRECIATION CREDIT)
1U
s
80 00
NET CHARGE TO DEPRECIATION
DATE REQUESTED
"REQUESTED By
DATE APPROVED
APPROVED BY
DATE EXAMINED
EXAMINED BY
DATE ESTIMATED
ESTIMATED BY
DATE APPROVED
SALES MOB.
APPROVED BY
DATE APPROVED
AUDIT DEPT.
APPROVED BY
DATE CHECKED
CHECKED BY
DATE APPROVED
CREDIT DEPT.
APPROVES BY
DATE COMPLETED
SEN. MOM
COMPLETED BY
Uj 2
.00
0
0.,
uJ
Ia
ase
311..
Ul
SUPT.
C=
NOTE: List material removed on reverse side.
FOREMAN