Business & Finance: Utilities Front

¶Last week the Pennsylvania Public Service Commission announced that it would consider 6% instead of 7% ( a maximum fair return on the investments of the 4,200 public utility companies under its jurisdiction "so long as the present economic conditions exist." All companies which earned more than 6% last year will be ordered to cut their rates to bring profits down to that figure.

¶Last week in Wisconsin elections six communities voted for municipal operation of local utility plants. Seven others rejected municipal ownership. In Madison, the state capital, both sides claimed a victory...

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