The classifications adopted by us have been prepared to meet the conditions existing in this State and differ in a number of important particulars from the classifications proposed by the National Association of Railway and Utilities Commissioners. The order prescribing the new systems of accounts provided that they should become effective on July 1, 1924, but also that corporations desiring to place them in effect before July 1st might do so from and after the first day of any month prior to July 1st. As a result of this optional clause the Commission is informed that a very large number of the utilities began to keep their books and records under the new plan on January 1, 1924. The new classifications do not affect utilities having average annual operating revenues of less than $10,000 per year until the further order of the Commission. PRINTING OF ANNUAL REPORTS The printing and distribution of all back reports of former Commissions, both First and Second Districts, were completed during the early months of the year 1923. The complete statistical report of the present Commission covering utility operations for the year 1922 is now all in type (1060 pages) and will very soon be ready for distribution. It will thus be seen that the printing of this very important financial and operating information has been so advanced that its publication hereafter will be of more general and timely interest to the public, to investment bankers and to the corporations under the jurisdiction of the Commission. January 14, 1924. Respectfully submitted, WILLIAM A. PRENDERGAST, CHARLES VAN VOORHIS, Commissioners. STATISTICS OF PUBLIC UTILITIES UNDER THE JURISDICTION OF THE COMMISSION SUMMARIZED OPERATING RESULTS - TABULATIONS COVER YEARS ENDING For comparative summaries for years preceding those covered by this appendix, reference should be had to the preceding Annual Reports of the former Public Service Commissions, First and Second Districts, respectively, and to the preceding Annual Reports of this Commission. Table I. Electricity and Gas: APPENDIX A A. City of New York. B. Remainder of State. TABLE I. ELECTRICAL AND GAS CORPORATIONS Intercompany sales for redistribution are eliminated. Operations of the Long Acre Electric Light and Power Company are excluded. Gas supply Electric supply Number of employees (d)... · • Energy sold to public (kw. hrs.) Revenue from sales to public... Operating income (as adjusted) Electrical... Electrical. Number of corporations Gas and electrical companies combined Gross income applicable to corporate as Per cent of revenue 2, Kw. hrs. sold (000-Omitted) • Operating expenses 1 .. Per cent of revenue 2. Taxes assignable to electrical operations (a) 1. e., operating expenses (exclusive of depreciation) less revenue from inter-company sales, residuals and miscellaneous sources. (b) Operating expenses, uncollectible bills and taxes, less all revenue other than for energy sold to consumers. (c) Less by $2,531.268 than the amount shown in the 1921 report which erroneously included payments by electric conduit companies. (d) Second week in December for weekly employees; month of December for monthly employees. ELECTRICAL AND GAS UTILITIES TABLE I. This summary includes only such corporations as reported revenues exceeding $25.000 in either electric or gas department. Considerable duplication is involved in sales of electricity or gas to another utility for re-sale to consumers. Electricity supply Combined electricity and gas Electric operating income. Electrical. Net corporate income Electrical... Per cent of gross income. Dividends during year. Per cent of gross income. Number of corporations Electrical.. Per cent of revenues Taxes, natural gas. • .. Per cent of revenues. Interest charges • Per cent of gross income. Other deductions, gross income. Per cent of gross income. Net income... • Per cent of gross income. Dividends during year. Per cent of gross income. Natural gas operating revenues. Natural gas operating expenses and uncol.. lectible bills... 1920 $19,415,618 16,003,958 3,091,904 13,527,662 85.5(91,85) $1,338,909 217,290 1,121,619 102,470 1,354,674 7.5(3,9) TABLE II. NATURAL GAS CORPORATIONS SUMMARY OF CORPORATIONS HAVING ANNUAL REVENUES OF MORE THAN $25,000 1920 1921 1922 Number of corporations. M cu. ft. sold.... 14,915,617 53 16 37 1 Includes also uncollectible bills. 2 Percentages within parentheses apply to electrical corporations and electric-gas respectively. • Percentages within parentheses apply to gas corporations and gas-electric corporations respectively. $17,533,054 145,186 10,755,315 3,932,018 6,570,188 253,109 1,236,837 574,152 621,542 41,146 9,359,998 4,944,767 4,564,299 Loss 149,068 43.8 $8,462,249 3,551,424 4,910,825 39.6 78 37 16 14 1921 2,972,834 16,778,777 $7,020,360 78.6(81,78) $4,945, 505 70.5% $611,391 8.7% $1,463,468 20.9% $193,939 559,025 2,216,431 451,357 20.4% $14,902 0.7% $1,750,172 79.0% $1,497, 106 67.5% 244,249 1,336,618 1922 $22,455,716 3,893,535 18,562,181 16,438,275 8,051,387 1,299,276 35.3% 1.2% $825,877 63.5% $1,802,359 138.7% 13,386,888 73.2(78,72) $1,671,725 259,134 1,412,591 4,345,719 583,017 3,762,702 19.4(15,20) 15,258,523 2,394,834 12,863,689 55 19 36 $23,208,979 4,345,719 519,825 2,382,491 30,457,006 12,868,380 16,969,003 619,623 12,303,012 4,232,777 7,798,670 276,565 1,537,094 773,283 694,191 69,620 16,616,906 7,862,323 8,481,147 273,436 54.6 $10,130,296 4,638,031 5,270,775 221,490 33.3 148 93 36 19 16 13,889,218 $7,372,444 $3,294,916 71.9% $531,464 7.2% $1,546,067 21.0% $104,744 $1,117,103 2,767,909 449, 182 16.2% $15,174 0.5% $2,303,555 83.2% $1,168,372 42.2% |