NPPD Officials Cite LES Holdback Straining Cash Flow
Nebraska Public Power District officials warned it may need to borrow to cover daily bills as Lincoln Electric System withholds 600000 to 800000 dollars monthly, about 15 percent of NPPD revenues. LES has unpaid over 20 million, while NPPD sues for full payment.
MENTIONED IN THIS ARTICLE
Harold Simmons
Columbus
Nebraska Public Power District
NPPD
Nebraska
Lincoln Electric System
LES
Ted Kyster
Don Schaufelberger
Henry Kosman
Scottsbluff
Bernard DeLay
Norfolk
Lincoln
DeLay
Nppd Board
Robert Peterson
LES Administrative Board
Schaufelberger
LES Board
NPPD to Lease Idle Coal Cars to BN for Revenue
The Nebraska Public Power District board approved leasing 240 coal cars to Burlington Northern for four to five months and over a year for the second train to haul Wyoming coal to Gerald Gentleman Station No. 1 near Sutherland. Revenue could reach about 500,000. Cars cost 35,000 each and lease at 9.50 per car daily plus 4 cents per mile. Also approved a 200 million revenue bond sale led by The First Boston Corp to fund Gerald Gentleman Station No. 2, due 1981, at 6.093% net cost.
MENTIONED IN THIS ARTICLE
Columbus
The
Nebraska Public Power District
NPPD
Burlington Northern
Wyoming
Gerald Gentleman
Sutherland
Kamber
First Boston
Rail line abandonment hearing sparks local rail service plea
Testimony in an Interstate Commerce Commission hearing on the 172 mile Winner Nebraska to Norfolk Nebraska line opposed abandonment. Elevator managers and farm cooperatives argued rail service saves cost and would rise with more frequent deliveries. A rail inspector noted infrastructure needs fixes.
MENTIONED IN THIS ARTICLE
Winner
S.D
Norfolk
Neb
Interstate Commerce Commission
Chicago & North Western Transportation Co
Ken Pistulka
Gregory
Colone
Nebraska
Smith challenges revenue sharing figures in Nebraska
Rep Virginia Smith of Nebraska questioned Census Bureau and Revenue Sharing Office data used to calculate funds for western Nebraska communities. She met with Census Director Manuel Plotkin and Revenue Sharing Director Bernadine Denning to challenge the data and cited three town examples Wilcox Minden and Venango showing large per capita income increases from 1969 to 1974.
MENTIONED IN THIS ARTICLE
U.S. Census Bureau
Office of Revenue Sharing
Nebraska
Virginia’ Smith
R-Neb
Manuel Plotkin
Census Bureau
Ber
Nadine Denning
Revenue Sharing Office
Smith
Wilcox
Minden
Venango
Also Mentioned on This Page
Nppd Board of Directors
Bob Kamber
Grand Island
Rail
Rosebud Farmers Cooperative
Ernest Story
Farmer's Cooperative Oil Assn
Dallas
Louis Cerney
Save Our Railroads
Cerney
Columbus, Miss., and
Greenville
United Press Intn'l
HOT Point
Merchandise Mart
San Pory
Hotpoint
With Pade
Eare ST
Tanglewood
Colonial Hills
West Gate Inc
Alth Foods
Millers
Lincoln Health Foods
Town & Country
Dowtown
West Gate Industrial Park
West Gate Park
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