The following table contains a summary of the financial operations of all the incorporated companies and privately owned plants engaged in the sale of electricity under the supervision of the Board for the year ending June 30, 1913, and for the year ending June 30, 1914: Five of the corporations included above appear not to have earned expenses, and fourteen 2 have not earned sufficient to warrant the declaration of any dividend. From the above data it appears that the gross profits from sale of electricity by all the companies increased $612,903.98 and those doing only an electric business show an increase during the last year of $538,823.48. In Appendix B will be found, under date of June 30, 1914, the separate balance sheets, profit and loss and manufacturing accounts of the companies, as taken from the annual returns, with corrections made by the Board after examination and correspondence with the officers of the several companies. Aggregates from the balance sheets of the electric companies only, taken from the returns of 1913 and 1914, show the following facts: The valuation of the property of the several electric companies, as fixed by the local assessors, may be found in detail in Appendix E. The aggregate valuation of all of the electric companies is $49,760,681. This does not include the valuation of the electric plants of the gas companies. The total sum paid by the companies for taxes, including State supervision and including the amounts paid by the gas companies on account of their electric plants, is $1,505,878.11. Dividends. The amount paid in dividends by the several electric light companies and the rate per cent. will be found in detail in Appendix E. Fifteen companies paid no dividends. The other 39 companies paid out in all as dividends the sum of $3,503,404.86, which is an average rate of 10.22 per cent. on their capital stock. Reductions in Price. The following companies have reduced the maximum net price per kilowatt hour for electricity for commercial use during the year ending June 30, 1914: Abington and Rockland (in Cohasset and Scituate), Cents per Kilowatt Hour. from 17 to 15 from 16 to 14 from 12 to 11 from 15 to 14 from 15.3 to 15 Clinton, Gardner (in Barre, Hubbardston and Westminster), from 15 to 12 Prices. The following table shows the prices charged by the several companies for commercial electric lights and power on June 30, 1914: COMPANY. Abington and Rockland. Prices. For light: for residences in Abington and For power: 10 cents gross for installations For heating: 10 cents gross a k. w. h. for first 1 In all of territory supplied except Cohasset and Scituate. |