Excerpt from A Financial History of the Philadelphia Electric Company When the Philadelphia Electric Company was incorporated in 1899 it was over-capitalized to the extent of at least Because of this Philadelphia and its citizens have been paying each year for electricity nearly $1,000,000more than would other wise have been necessary. Having absolute control of the busi ness of furnishing electric current there was nothing to restrain the company from placing its charges at the point which it was thought would yield the maximum net returns. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.