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r • f MR. EDELSTEIN STATED THAT HE COULD PREPARE THE 1978 FIGURES AND HAVE THEM BEFORE THE END.OF THE MONTH, BUT CERTIFIED FIGURES WOULD BE A MANAGEMENT DECISION AND COULD TAKE A LONGER PERIOD. MR, TANEN SAID THEY HAVE NEVER HAD A CERTIFIED AUDIT, AND ATTORNEY BOGOSIAN STATED THAT IF THEY HAVE TO GET A CERTIFIED AUDIT, THERE,.IS THE POSSIBILITY THAT THEY WOULD WITHDRAW THIS RATE INCREASE REQUEST AND SUBMIT FOR ANOTHER HEARING AND DIFFERENT RATES. HE FELT THE.AUDIT MIGHT SHOW THAT THEY ARE ENTITLED TO A HIGHER RATE. CHAIRMAN WODTKE REQUESTED THAT IXORA UTILITIES SUPPLY THE f. BOARD WITH THE FOLLOWING: L JHE ORIGINAL CAPITALIZATION SET UP IN THE CORPORA- TION AS of 1959. 2. OPERATIONAL FIGURES FOR 19781 AUDITED. 3. BREAKDOWN OF RATE RETURN STRUCTURE BASED ON THEIR REQUEST USING THE AVERAGE MONTHLY UTILIZATION IN 1978, 4.,DETAILED COST ESTIMATE OF IMPROVEMENTS - EXPLAINING WHAT THEY INTEND TO DO WITH THE $100,000 EARMARKED FOR PLANT EXPANSION ( WHAT THIS INCLUDES - WHAT IS GOING TO HAPPEN TO THE OLD PLANT, ETC.) - CORREC- TIVE MEASURES THAT WILL BE TAKEN, 5. CORRECTED SHEET EXHIBIT E AND EXHIBIT H - BASED ON RATES REQUESTED, COMMISSIONER SCHMUCKER ASKED HOW LONG IT WOULD TAKE FOR A CERIFIED AUDIS', AND MR. EDELSTEIN DID NOT FEEL IT WOULD TAKE MORE THAN A MONTH. MOTION WAS MADE BY COMMISSIONER SIEBERT, SECONDED BY COMMIS- SIONER Loy, TO CONTINUE CONSIDERATION OF THE RATE INCREASE REQUESTED BY IXORA UTILITIES UNTIL SUCH TIME AS ALL THE INFORMATION REQUESTED, • AS SET OUT ABOVE, IS RECEIVED. ATTORNEY KRAMER.FELT THE SUBSCRIBERS HE REPRESENTS SHOULD HAVE AN OPPORTUNITY TO SUBMIT NEW INFORMATION BASED.ON THE MATERIAL THAT WILL BE SUBMITTED. ATTORNEY COLLINS STATED THAT IF, IN FACT, THEY ARE GOING TO RESUBMIT, THEN THE HEARING PROBABLY WILL HAVE TO BE READVERTISED, .AND HE INFORMED ATTORNEY KRAMER THAT HE WOULD HAVE ACCESS TO ANY MATERIAL TO BE SUBMITTED. THE CHAIRMAN CALLED FOR THE QUESTION. IT WAS VOTED ON AND CARRIED UNANIMOUSLY. 150 JUL 9 197 •,., �� p�;,�r�5�