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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allowable profit will be determined by a percentage of that rate base.
As a final step in approving a rate base, the SCC allows for the depreciation on the value of all equipment other physical assets, according to Henderson.
After the rate base is set, the Commissioners must then calculate a utility’s operating expenses, all of which, plus authorized profit, must be paid by customer charges. Henderson reported that as a national average. 80 per cent of operating costs can be attributed to cost of fuel required to generate electricity. He said that utility records are audited every time the company makes a rate increase, as well as annually. If a utility can't prove that an operating expense is in the public interest, the cost of the item must be covered by the profit
89.6%