CITY OF NEW ALBANY, DEPARTMENT OF ELECTRICITY-Continued Results of operations as reported by New Albany with subsequent deductions for known subsidies--Continued Source: New Albany's 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 expense. CITY OF OKOLONA, DEPARTMENT OF ELECTRICITY Results of operations as reported by Okolona with subsequent deductions for known subsidies [Figures in parentheses are losses] 1 Covers the period from July 14, 1935 to June 30, 1936. For sources of above data see title page of this exhibit. Results of operations adjusted for known subsidies [Figures in parentheses are losses] 1 Covers the period from July 14, 1935, to June 30, 1936. Source: Okolona's annual reports to Tennessee Valley Authority with adjustments as follows: (a) Adjusted to include revenue from "yardstick" rate only. (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. |