Page 6-B
Vepco Reports Lower Prices
Virginia Electric and
Pswer Company’s average
price of electricity to its
retail customers during the
fiftt six months of 1981 was
7.sper cent lower than in the
fii*t half of 1980.
Prices to residential
customers fell 7.4 per cent in
Virginia and 4.5 per cent in
North Carolina. For West
Vfrginia residential
customers there was an
increase of 32.5 per cent.
Measured in dollars of
constant purchasing power
adjusted by the consumer
prfce index, Vepco’s
average retail price
declined by 16.4 per cent.
Vepco’s average price per
kilowatt-hour was 5.68 cents
in : the first six months of
1980. In the same period this
yesar, it fell to 5.25 cents or
4.75 cents expressed in 1980
dollars - that is adjusted for
the change in the general
prfce level.
Requests for rate in
creases now pending in
Virginia and North Carolina
would increase average
electric rates in the two
jurisdictions by 14.5 per cent
arid 16.7 per cent respec
tively.
If the Virginia request
were granted in full, Vepco
electric rates since the
beginning of 1980 would rise
less than the rise in inflation
during the period. However,
the Virginia state cor
poration commission has
turhed down a portion of
Vqpco’s request for
revenues of approximately
sl6'million for the disposal
of Used nuclear fuel.
jh North Crolina, the
puttie utilities commission
hah already ordered an
increase in the fuel factor
effective August 1. If the full
base rate increase
5 1
OWNER (Licensed Electrician) >—n.
) Call After 3:30 P.M. S
' PHONE 482-2608
* FOR FREE ESTIMATES Qjgj
! *v, NEW WORK 8
\ CONTRACTOR §j
LADIES 5-10
Navy or VO\ \ FINAL
I Na,u, ° V\>f
I MOM and DAUGHTER | $ 3
and Sunday 1 A.M.-6 PM.
requested by vepco were
granted in addition to the
fuel factor increase,
average electric rates since
January 1980 will be roughly
in line with the rise in in
flation.
The requests for rate
increases reflect Vepco’s
increased operating costs
including higher costs of
capital and the consequent
need to raise the authorized
rate of return demanded by
the capital markets, it will
be unable to finance the
investments in new
generating capacity and
other facilities required to
continue providing reliable
electric service.
Vepco has established a
corporate goal of continuing
• rate restraint through the
1980’s. The decrease in
electric prices since 1980 has
resulted from a reduction in
the overall cost of fuel that
was achieved by Vepco in
spite of continued increases
in the prices of individual
fuels.
By shifting electricity
generation away from
expensive oil-fired plants to
nuclear and coal - fired
units, fuel costs can be
reduced despite rising fuel
prices. The fuel cost of a
kilowatt-hour of electricity
generated from oil now
costs about 5 cents, com
pared to about 2 cents from
coal and about half a cent
from uranium.
The proportion of elec
tricity that Vepco generates
from nuclear and coal
(Hants is continuing on an
upward trend. Vepco has
already carried out the
nation’s largest program of
converting plants from oil to
coal. Six plants with a
capacity of over 1.6-million
kilowatts have been swit
ched to coal and four more
with 600,000 kilowatts i
capacity will be converted*
by 1983. The amount of
energy generated by
nuclear and coal plants
through June has increased
by 94 and 28 per cent,
respectively, over the same
period in 1980.
In periods of severe
weather and electricity
demand, the reduction in
fuel costs through increased
generation from nuclear and
coal may be offset by the
need to make heavy use of
oil plants and oil and gas
fired combustion turbines.
While Vepco expects to keep
rate increased in line with or
somewhat below the in
crease in inflation, vacations
may occur periodically as a
result of weather and other
factors that temporarily
affect the company’s use of
fuels.
Davenport
Taken In Death
CHESAPEAKE - Joshua
Edward Davenport, 57, of
1421 Pamlico Blvd., died
Sunday in his home. A
native of Norfolk, he grew
up in Edenton, N.C., and
was the husband of Mrs.
Helen C. Davenport.
He was a member of
Great Bridge Baptist
Church, Great Bridge
Masonic Lodge 257, and
Great Bridge Royal Arch
Chapter 82. He was a past
patron of Great Bridge
Chapter 155, Order of the
Eastern Star.
Other survivors include
two daughters, Mrs. Linda
D. Gates of Virginia Beach,
and Miss Penny Lynn
Davenport of Bayou Vista,
La.; two sisters, Mrs. Mary
D. Robertson of Edenton
and and Mrs. Betty Burnett
of Louisburg, N.C.; and six
brothers, Jimmy Davenport
and Harry Davenport of
Hertford; Charles
Davenport of Mexico;
Stancil Davenport of Nor
folk; Beazer Davenport of
Ahoskie; and Bill Davenport
of Louisburg.
A funeral was held
Wednesday at 2 P.M. in
Twiford Colonial Chapel by
Rev. Charles L. Moseley.
Burial with Masonic rites
was in Chesapeake
Memorial Gardens.
1981 Tickets
Available
The reserved seat football
tickets are now available at
the John A. Holmes high
school office.
Last year’s ticket holders
will have first choice and
are asked to contact Mrs.
Ethel Lavoie no later than
August 19.
The cost will again be sls
per ticket.
THE gfiOWAN HEfiALD
<« ■ i
T
GOSPEL SINGER - William Sing" Burke was heard
live over WCDJ Radio at 8 A.M. on August 2. He sang with
fellow gospel singers of the Perquimans County Male Chorus
on a special benefit broadcast. The contributions, which
have almost reached the needed figure, are being used to
purchase “new” legs for Burke, a double amputee.
“Sing” Burke wishes to thank everyone who listened
Sunday and those who contributed.
Further contributions should be made to the William
Burke Fund at People’s Bank and Trust Co. in Hertford.
Business Shows Decline
The level of business
activity in North Carolina
moved downward in June,
according to the Wachovia
Business Index. The Index
registered 154.9, down 0.5
per cent from the May level.
In the non-manufacturing
sector, contract con
struction, trade, services
and government em
ployment did not reach
expected seasonal levels in
June. A shorter manufac
turing workweek also
contributed to the decline in
the Index.
Seasonally adjusted
employment in the
manufacturing sector
remained virtually level in
both durable and non
durable goods industries.
Price adjusted average
hourly earnings for
manufacturing employees
also remained unchanged.
The seasonally adjusted
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unemployment rate for
North Carolina was 6.0 per
cent in June, down 0.3 per
cent from the May level.
The national rate for June
was 7.3 per cent, down 0.3
per cent from May.
"All power is a trust."
Benjamin Disraeli
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Farm Woman Being Sought
I RALEIGH Applications
I for the “Outstanding Young
I Farm Woman” Award for
I 1981 are now being accepted
I by the North Carolina
I Department of Agriculture,
] North Carolina Com-
I missioner Jim Graham
I announced today.
\ The award is presented
I annually during the Young
I Farmers and Ranchers
Luncheon at the North
Carolina State Fair to a
i woman who is engaged in
■ production agriculture. This
year’s luncheon will be held
October 19. 1981.
All women who are ac
| tively engaged in production
I agriculture in North
Carolina and whose daily
I decisions affect the overall
success of the farm are
eligible to compete for the
award.
“We are looking forward
1 to having a number of ap
> plications for the 1981
> Outstanding Young Farm
i Woman award,” Graham
> said in making the an
nouncement. “Last year
i was the first year we gave
this award and it turned out
i be be so well received and
such a success we want to
continue it.”
“In the past the term
“farmer” has most
recognizably been a term for
males. But more than most
other sectors of our
economy, women have
always been vitally im
portant to agriculture,”
Graham said. “So in
establishing this award, we
felt it was time to recognize
the contribution women
make to production
agriculture.”
The deadline for sub
mitting applications for the
award is September 15,1981.
Applications are available
through the North Carolina
Department of Agriculture
by writing: Public Affairs
Office, NCDA, P. O. Box
Peanut Trade Is Slow
Southeastern Section
Trading was very slow in
the Southeast with too few
sales to establish a market.
Weather continued to be the
dominant factor as the in
dustry was closely watching
the development of the 1981
peanut crop. The condition
of the crop varied but was
mostly improved over the
previous week as good rains
were received in quite a few
areas. There were,
however, places such as
central Georgia and parts of
Florida that remained
notably dry. Temperatures
moderated during the week.
Very light harvesting ex
pected in the most southern
part of the peanut belt by
mid August.
Virginia - North Carolina
Section Trading was very
fW} EASTERN
rarj, PHOTO
JUJU SUPPLY
108A South Boddie Street
Nashville, N.C. 27856
Telephone: (919) 459-4466
R. E. Bob Walker
WE CARRY KODAK. ILFORD. CIBACHROME. LARSON.
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Thursday, August 6, 1981
27647, Raleigh, N. C. 27611;
or calling (919) 733-4216.
Applications are also
available through farm
bureau offices in each
county. Completed ap
plications should be mailed
to the Public Affairs Office at
the above address.
slow with too few sales to
establish a market. Crop
conditions in the Virginia
and North Carolina area
were good with generally
adequate soil moisture
levels. Additional rain was
in the forecast for the region
for the weekend. Export
buyer interest was very
limited as those peanuts
which failed to enter the U.
S. under the emergency
quota increase were ex
pected to enter the in
ternational market.
Southwestern Section
Harvesting was continuing
in South Texas with quality
and maturity reasonably
good for the early peanuts.
Oklahoma received some
good rains over many of the
areas that were previously
dry.