CITY OF AMORY, DEPARTMENT OF ELECTRICITY Results of operations as reported by Amory with subsequent deductions for known subsidies [Figures in parentheses are losses] CITY OF AMORY, DEPARTMENT OF ELECTRICITY-Continued Results of operations as reported by Amory with subsequent deductions for known subsidies-Continued Source: Amory's Annual Report to Tennessee Valley Authority with adjustments as follows: (a) Adjusted to include only revenue from the yardstick rate. (b) Adjusted to include a proration of loss in Mississippi on power sales. (c) Adjusted to include a proration of Tennessee Valley Authority's promotional expense. CITY OF HOLLY SPRINGS, DEPARTMENT OF ELECTRICITY Results of operations as reported by Holly Springs with subsequent deductions for known subsidies 1937 Source: Holly Springs' annual reports to Tennessee Valley Authority with adjustments as follows: (a) Adjusted to include only revenue from the "yardstick' rate. (b) Adjusted to include a proration of loss in Mississippi on power sales. (c) Adjusted to include a proration of Tennessee Valley Authority's promotional expenses. Depreciation. Interest on debt. Return on city's equity. |