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Newspaper
Monahans News
Location
Monahans, Texas, United States of America
Date
May 28, 1978
Page
6
PUC staff propose cutting more than 116.5 million from a 214.3 million Southwestern Bell rate increase. Staff would allow about 97.7 million, yielding a 9.3 percent return versus Bell’s 10.4 percent proposal. In equity terms Bell sought 14 percent while staff would allow 12 percent.
Highlights indicate a staff rate proposal and slight rural rate declines. For June the Railroad Commission set oil proration at 100 percent of market demand, with nominations totaling 3.5 million barrels daily. June crude output projections run at 2.9 million bpd. Gas nominations reach 23,103,367,000 cu ft daily, up 2 percent. Crude and product imports run 7,631,000 barrels daily, about 42 percent of U.S. demand. Special allowables issued for 11 fields. June 20 next proration hearing. A governor’s task force audit accuses AG Hill’s organized crime unit of illegal activity. Tim James defends the unit’s legality and funding. Texas Supreme Court rules children of illegal aliens lack free public education. federal court to hear similar. Firestone Tire tax issue argued. multi-county providers spared from full cost data. An Odessa man’s false imprisonment judgment affirmed. Voter turnout in May: 1.8 million Democratic, 156,979 Republican, both parties canvassed. Hill urges Democratic unity. runoff June 3 between Sadler and Poerner for unexpired Railroad Commission term. Hill seeks dismissal of Wayne Peveto tax suit. Nine securities filings totaling $32.3 million filed with the State Securities Board.
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