Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
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The Commission then determines the company’s “rate base”—the value fo all assets that will be used in considering how much profit the utility should be allowed to make. In evaluating assets, said Henderson, the SCC considers the amount spent to acquire the asset. For instance, if the company purchased a lot 50 years ago. only the actual dollars spent for the land—not its value today—will be included. The Commission disregards all assets that are not necessary for the utility to provide service, according to Henderson. As an example, he said that the SCC doesn't use surplus land, customer deposit fees or money from prepaid bills in arriving at a rate base. On the other hand, he noted that utilities try to keep their base as high as possible since the company's
84.3%