Standardization of method for determining and comparing power costs in steam plants

The fundamental basis of determining and comparing the cost of power should be, per kilowatt-hour net output. 1. Method of determining the cost of power by groups and individual items, followed by discussion. 2. Discussion of a method for providing an amortization fund from life expectancy tables for replacing and renewing building and equipment. 3. Method of determining that portion of Administration Expenses chargeable to the cost of power, followed by discussion. Equitable basis of comparing costs of power in different plants and under different conditions. 1. Definition of load factor with a discussion of its influence on the cost of power, followed by a method of correcting costs for comparative purposes. 2. “Reduction Factor” for comparing the relative values of fuel having different costs and calorific values. 3. “Reduction Factor” for comparing the relative labor costs.