Page 4-B
EMC Directors Were Re-Elected On Saturday. October 9
Continued From Page 1-B
jurisdiction over wholesale
rates, has taken just the
opposite approach to that of
the State Commission. The
General Manger stated,
“The EERD has become pro
big business and as such has
not only allowed rate in
crease sought by investor
owned companies, it has
also recommended they ask
for more!”
Members were informeo
that a new wholesale rate
came into effect on Sep
tember 2 of this year The
increase, as now in effect
will cost Albemarle EMC
members another $5.00 per
1,000 kWh or an increase of
apporximately 8 per cent
“Frankly we feel that
companies like VEPCO are
unfairly taking advantage of
wholesale customers during
this radical change in
F.E.R.C.philosophv, ’’stated
Brown.
James M. Hubbard,
Executive Vice President of
the N.C. Association of
Electric Cooperatives, of
Raleigh, spoke to the
membership.
Hubbard reiterated what
Brown had said about the K
E. R. C. Hubbard had the
following comments: T am
not quite sure how to say
this but their (F.E R C. )
overriding concern seems to
be the economic health of
the power company. I don't
want to play demagogue
with you. The power com
parties need to be healthy
They need to make a
reasonable profit but the
last rate filing that was
made by one of the com
panies in this state this last
summer, they filed a
request for 18*2 per cent
return on equity on the stock
owned in that company.
“I think I am truthful and
fairly accurate in saying
this. I don’t believe there is a
farmer in this room that
wouldn’t be tickled to death
if he could earn half that on
what he has invested this
year in the five-county a-ea
that this cooperative ser
ves.’’
Carolina
Review
Continued From Page 1 B
Walter Fauntroy, a membet
of the Congressional black
caucas, was arrested early
in the week
The PCB protesters were
at least in some part vin
dicated last week, though,
when an official of the
Environmental Protection
Agency in Washington told a
Warren County group t! at
the landfill would no doubt
leak.
William Sanjour, chief of
the EPA hazardous waste
implementation program,
stressed that he was
speaking for himself -- his
own opinion. The official
word from Washington
remained that the landfill
was safe.
LESS LIKELY . In
surance Commissioner John
Ingram’s rejection of a 77
per cent rate hike for car
insurance last week is less
likely to save Tarhei 1
money like the CP&L turn
down.
Insurance companies
under legislative decree
are allowed to pass on the
rate hike to the consumer as
it is contested in the court
appeals process -- regard
less of Ingram’s decision.
Ingram offered a com
promise to the insurance
industry that would allow a
2.5 per cent increase anc
avoid the court battle
I
SHOULD’VE
VOTED.
You knwv that’s what
you’re going to say if your
candidate doesn’t win
I
.
V CfZ.' ■' ■■-5 |KI
M--. ■# f
1
Hubbard went on to say
that according to his
calculations Albemarle
EMC’s wholesale power cost
had increased something
like 340 per cent in the last 10
years.”
“That is one of the reasons
your Board of Directors as
did others across the state
that bv going together
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— —— —— „
collectively and beginning
to acquire ownership of at
least a portion of the
generating capacity that
delivers power to our homes
and farms, maybe we can
begin to fix that cost and
slow it down just a little
bit,” said Hubbard.
The speaker went on to
tell the audience of the
THE CHOWAN HERALD
possible purchase of ad
ditional coal fired and
nuclear fired generation
plants plus perhaps
ownership in their portions
of the transmission system.
Hubbard went on to say
that, “One, by doing so we
can have greater assurance
that when the youngsters
out there in the audience
j y —' ~-
become grown and establish
their own families, there
will be enough power for
them and their needs.
Secondly, by owning it the
rates are not going to go
down but as they continue to
increase hopefully at a
slower rate than they have
in the pest.”
Prior to the meeting
members had the chance to
look over an Energy Van
and discuss energy con
servation with an employee
of the EMC.
There was also a display
on Load Management for
members to become in
formed of what Load
Management is and will be
doing for Albemarle EMC.
Heating LNo. 9953 Refrig. LNo. 2252
DELANEY JETHRO
Service For All Types Os Heating Systems
„ Commerical Refrigeration, Appliance Service
Rt. 1 Box 179 K Phone: 221-8730
Edenton, N.C. 27932 24 Hr. Service
i •* *
Thursday. October 21. 1982