The first section, 360a, is for the purpose of giving the Board of Railway Commissioners power to regulate the rates for electrical power developed by companies to whom we may lease water-powers. There are some peculiar instances in which it would be impossible to provide for this in the contract, but wherever it is possible, in case of any dispute, the rates are to be submitted to the board. The other clauses are in reference to returns to be made by the different companies.
Section 370 of the Act provides for annual returns. The forms approved by the department vary considerably, and we want to furnish forms on which the returns shall be made, as some of the old forms are really valueless. Then, we are extending the time for the returns from July to August. The companies complain that they cannot get all their information compiled by the first of July. The remaining clauses of the Bill are designed to secure more complete returns, to get them in better shape, and to compel the companies to give them to us within the time specified.