7/19/1978 - Laserfiche WebLink

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r HE REMINDED THE BOARD THAT THE PROMISE WAS MADE WHEN IXORA UTILITIES GOT THE PREVIOUS INCREASE, THAT IT WAS WHAT THEY NEEDED TO REMOVE THE VIOLATION AND MAKE A FAIR RATE OF RETURN. HE STATED THAT THE SUBSCRIBERS HE REPRESENTS ARE OPPOSED TO THE INCREASE AND URGED THE BOARD TO REJECT THE REQUEST. COMMISSIONER LOY STATED THAT TWO YEARS AGO THE BOARD CONSIDERED IXORA UTILITIES' PROBLEMS AND GAVE THEM A 100% IN- CREASE WHICH WAS SUPPOSEDLY BASED ON CERTAIN IMPROVEMENTS BEING MADE, AND IT IS VERY DISCOURAGING TO SIT HERE TWO YEARS LATER AND FIND THAT NOT ONE THING HAS BEEN DONE, BUT ANOTHER INCREASE IS BEING REQUESTED FOR ALL THE SAME REASONS, COMMISSIONER DEESON ASKED IF, BEFORE THE PUBLIC HEARING IS CLOSED, THE BOARD COULD REQUEST AUDITED STATEMENTS. HE NOTED THAT WITH AN UNAUDITED STATEMENT THE MAN WHO IS DOING THE AUDIT IS EXPRESSING NO OPINION AND IS ONLY WORKING FROM THE INFORMATION GIVEN HIM. CHAIRMAN WODTKE STATED THAT THE BOARD CAN REQUEST AN AUDITED STATEMENT, AND COMMISSIONER LOY FELT THAT WE,SHOULD ACCORDING TO THE GUIDELINES SET DOWN BY JUDGE SMITH. COMMISSIONER DEESON FELT.WE ALSO SHOULD HAVE A CURRENT STATEMENT THROUGH MAY, 1975 OR AT LEAST THROUGH 9 MONTHS OF THE CURRENT FISCAL YEAR, IF POSSIBLE. ON MOTION BY COMMISSIONER DEESON, SECONDED BY COMMISSIONER LOY, THE BOARD UNANIMOUSLY CLOSED THE PUBLIC HEARING. COMMISSIONER LOY ASKED ATTORNEY COLLINS FOR A BRIEF OUTLINE OF THE NEXT STEP IN THE RATE HEARING PROCEDURE. ATTORNEY COLLINS FELT THE BOARD MUST DECIDE WHAT ADDITIONAL MATERIAL THEY WANT, MAKE A LIST AND GIVE .IT TO THEM IN WRITING, GIVE THEM AN OPPORTUNITY TO RESPOND TO IT, AND THEN DISCUSS THE MATERIAL WHEN IT COMES IN. BASED ON THAT WE WILL PREPARE A RESOLUTION BASED ON FINDINGS OF FACT. COMMISSIONER LOY DISCUSSED A TIME FRAME FOR -GATHERING OF THE MATERIAL NEEDED. 149 �1L lie ;� Fr1sr 'JUL 19 1978