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Newspaper
Comanche Chief
Location
Comanche, Texas, United States of America
Date
Jul 28, 1955
Page
3
Lorain Medina Rural Electric Cooperative of Wellington Ohio paid Ohio Edison Company nearly a quarter million dollars for wholesale power in a 12 month period. Rural electrics purchased 46 percent of the wholesale power needs cited.
Senator Lister Hill lauds twenty years of rural electrification showing nine of ten farms now served. TVA influence praised as a partnership boosting living standards, agriculture, soil, and national prosperity amid continued reliance on commercial utilities for wholesale power. Last year rural systems bought 57.36 million dollars’ worth of power from utilities, with 6.96 trillion kWh from their suppliers and 4.63 trillion from federal agencies, plus 2.30 trillion kWh generated by the rural systems themselves.
The Rural Electrification Administration marks twenty years of REA financed electric systems boosting rural prosperity. Borrowers educate consumers, finance farmstead wiring, and expand dealer support. Rural power taxes and farm income rise, with $9 to $12 billion in business spurred by nearly $3 billion in loans to date. The growth continues.
The TVA region shows utilities cutting retail rates while selling wholesale power to REA electrics at low prices. From 1937 to 1952, common stock earnings for large utilities rose sharply, while outstanding stock grew modestly. The TVA area’s rate strategy appears linked to strong earnings growth.
The Tennessee Valley Authority has been a major seller of electricity to rural electric systems since its inception. Last year TVA supplied 19 percent of all power purchased by rural electrics, totaling 2 753 576 445 kwh out of 14 309 755 359 nationwide. Georgia Power Company led commercial utilities with more than 500 million kwh, while about 30 utilities exceeded 7 billion kwh to rural electrics.
Farmers adopt electric heat for barns and crops to boost yields and revenue. Raymond Averette of Zebulon North Carolina uses an electrically heated hot bed to start sweet potato seedlings, cutting growing time in half versus non heated beds.
Rural electrics in Alaska paid 1.94 to 4.70 cents per kwh last year while the U S average was 0.76 cents. The highest bill was 127 648 kwh from Inlet Power and Light for 6005 dollars. Generation was by Chugach Electric Association U S S Smelting Refining Milling Alaska Electric Light and Power Inlet Power and Light and Anchorage Public Utilities.
Rural electric cooperatives hold annual meetings with thousands attending to learn about operations. Members hear reports ask questions vote on issues and name directors during the gathering.
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