Notes on the Reconstruction of a Small Central Station Plant

Franklin L. Pope
1895 Transactions of the American Institute of Electrical Engineers  
The financial condition of the smaller central station electric lighting planits throughout the country is at the present time by no means satisfactory, and in too many inistances cannot even be truthfully said to be encouraging. A survey of the field shows that very few suclh plants located in towIns having less than 10,000 inhabitants are earning more inoney tlhani is necessary to nmeet their operating expenses anid to provide for indispensable current repairs. In the state of
more » ... of IMiassachnssetts, in whichl the operations of all electric lighting companies are by law made a matter of public record, it appears fromn the latest reports that the agregate liabilities of the fifty-seven companies operating in that state, inleluding stocks, bonds, and floating indebtedness, amounted on June 30, 1894, in rounid numbers to $14,000,000, nearly all of wlhich stands charged to cotnstruction account. The net earnings for the preceding year were $1,000,000, or about 7.1 per cent. on the total investmiient: a sum obviously quite insufficient to provide for depreciation and at the saine time pay a fair dividenld on -the capital which has gone into the business. But if half-a-dozen of the larger planits, in cities like Boston, Lowell, Worcester" Spriingfield, Lynn and Fall River were excluded frorn the list, the showing for the smnaller plants would be even far worse tllan it now appears. MIany of these small planits were started at an earlier day than could lhave been justified by a:ny reasonlable estimate of the businiess then in sight, and now find themnselves hampered by inconvenient buildings, and with unsuitable machinery bought at high prices,. 454 POPE ON CENTRAL ST'ATION. 455
doi:10.1109/t-aiee.1895.4763878 fatcat:zx74vhzbxbdpjdcdm4mq2ulhx4