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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Nov 15, 1973
Page
7
The New England Telephone Co announces a about five million dollar cut in its capital construction and expense budget for next year in Vermont. A rate increase to bring in about seven million dollars in annual revenue is likely early next year to offset the shortfall.
Report from California and Arizona on obesity with Jim Fries revealing his 587 to 181 pound journey through diet and bypass surgery. He describes the loneliness faced by fat people, the social barriers, and his recovery including starting a construction business and renewed self confidence. Linda Lovelace testifies in a separate federal trial about the film Deep Throat but is excused due to hair washing.
Green Mountain Power seeks a temporary emergency rate increase about 15 percent while a Public Service Board hearing weighs the need to raise rates for financing. Allen Martin, attorney for the public, questions the necessity of higher rates. The utility requests authority to issue 5 million dollars in first mortgage bonds and 2.5 million in common stock. A permanent 16.7 percent rate increase is also filed, with hearings pending and potential linkage to a court ruling on the purchased power and fuel adjustment clause.
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