Evening Star Newspaper, January 1, 1929, Page 6

e ot THT " ETESTR - OYIR.T WASHTNITON, - 77 0. TORSHAY. TANUARY 1. 1% REDUCED ELECTRIC RATES A HAPPY NEW YEAR TO YOU! THE POTOMAC ELECTRIC POWER COMPANY, through its Board of Directors, Officers and entire personnel, extends sincere greetings for the New Year to its thousands of friends and customers in Washington and Maryland. i For the fifth consecutive year the Company has great satisfaction and pleas- ure in announcing a further reduction in electric rates to its consumers. The household rate for the New Year will be 5.2 cents per Kilowatt Hour, which is a reduction of 7 mills per kilowatt hour over the old rate of 5.9 cents in 1928. Reductions have also been made in other Schedules, making a total saving to customers of $625,000 for the year 1929 as compared with the year 1928. Since December 31, 19 24, this Company has made a total re- duction in its household rate of 48%. 'This constitutes a record of benefits to ‘customers in dollars and cents of which this Company is particularly proud. Itis very gratifying to the Company to point to these yearly rate reductions in the National Capital, as it serves to emphasize the fact that, of all the neces- sities entering into our daily lives electricity is, perhaps, the one commodity that is cheaper than it was in 1914. By courteous attention to the wishes of its patrons, strict adherence to sound business principles in finance, engineering and operation, combined with econ- omy, prudence and zeal in management, the Company has enjoyed a healthy growth in volume of business resultingin increased earnings, which we gladly share with our consumers through rate reductions. The Company is grateful for the ever-growing support and patronage mani- fested toward it during 1928 and promises a continuation of its policies and personal efforts that have enabled it to build new plant additions, extend its services, earn a fair return on the value of its property, and make yearly rate reductions through Matchless Service. January 1, 1929. BRESIDENT,