Leadership

COST OF FURNISHING WATER WITH REFERENCE TO RATE MAKING

Issue 21 and Volume 47.

COST OF FURNISHING WATER WITH REFERENCE TO RATE MAKING Discussion at the American Water Works Association Convention, New Orleans The paper by Daniel W. Mead, on the above subject, read at the meeting of the American Water Works Association at New Orleans proved interesting, as shown by the number of those who took part in the discussion. Stuart Wood, of Philadelphia, said: “A waterworks perhaps differs from any other industry in the fact that the proportion of capital employed to the operating expenses is greater than in anything else. I presume that there is no other large industry where approximately as much as one-half, or even in many cases more than one-half of the cost of furnishing the commodity is due to the costs and depreciation of the plant, as is the case with waterworks. Private waterworks companies, of course, are compelled to take this into consideration in establishing their…

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