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duction facilities. They plan to enlarge their peak generating capacity from 177.3 million kilowatts in 1965 to 492.6 million kilowatts in 1980.68

Although such aggregate figures do not prove that unusual situations may not arise in which a real need for G. & T. loans might be shown to exist in some sections of the country, it should be emphasized that procedures under the present program would permit such loans to be granted under authorizations made by the Congress without, however, giving carte blanche to the Administrator to whatever extent the resources of the electric bank would permit.

Under these circumstances to encourage unnecessary duplication of their facilities would accomplish nothing of value; on the contrary, it would result in an uneconomic and wasteful use of our resources. Surely better uses can be found for public funds.

In conclusion, let me summarize briefly the reasons for my opposition to the pending bills as follows:

(1) They are not needed to finish the task of serving rural areas, which is now nearly completed;

(2) They would encourage wasteful duplication of facilities and the encroachment of REA borrowers upon markets adequately served by investor-owned companies;

(3) Such uneconomíc duplication and competition would be subsidized at great cost to the taxpayer in terms of taxes forgone and the use of Federal credit-again, I refer to the loss of Federal taxes on earnings from industries which might otherwise be made and which might otherwise be made by investor-owned companies that would be replaced if G. & T. loans provided the unneeded duplicative facilities; and

(4) This subsidy program would lack both definite termination provisions, and, once established, any opportunity for the exercise of effective, continuing surveillance by the Congress.

Would it not be wiser to complete the program within its present framework, rather than to embark upon a very large new undertaking, geared to totally different objectives and for which no real need has been shown? Would not this course be more consistent with the efforts being made to combat inflation and budget stringencies, by appealing for restraint in seeking wage and price increases and the curtailment of unnecessary capital outlays by private enterprise ?

Mr. Chairman, I thank you for your courtesy and indulgence.

(The document “Appendix” consisting of exhibits 1 through 9. follow :)

es Figures from Edison Electric Institute.

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Number and percentage of farms electrified with central station service by States, 1935, 1940, 1950, and 1965

Farms receiving central
station electric service,

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10.9

6,096, 799

1,853, 249

30. 4

5,382, 134

4, 154, 359

77.2

3,382, 780

3, 321, 250

98. 2

4.0

231, 746

33, 907

14. 6

211, 512

144, 267

68. 2

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100,000

380
6, 700
78,000
92, 000
32,000
7, 400
4,900
39,000
88,000

6, 500
35, 800
141, 000
119,000
165,000

99,000
142, 000
65,000
15, 700
23,000

9, 800
102,000

Farms Jan. 1, 1935

Dec. 31, 1934

State

Number 1

Number 2

Percent

United States.

6,812, 350

743, 934

11, 053
5, 577
2, 943
81,093

7, 145
10, 138
1, 791
5,704)
6,956

29.6

Alabama

273, 455
Alaska
Arizona.

18, 824
Arkansas

253, 013
California

150, 360
Colorado

63, 6-41
Connecticut.

32, 157
Delaware

10, 381 Florida

72, 957
Georgia.

250, 511
Hawaii
Idaho.

45, 113
Illinois

231, 312 Indiana

200, 35
Iowa

221, 996
Kausas

174, 589
Kentucky

278, 298
Louisiana.

170, 216 Maine

41, 907
Maryland.

44, 501
Massachusetts

35, 094
Michigan

136, 517
(innesota.

203, 302 Mississippi

311, 683 See footnotes at end of table

13, 433
28, 379
23, 176
32, 0417
13, 224
8, 480
2, 826
13, 959

6, 791
14, 494
42, 152
13,783
2, 802

43. 663
213, 439
184, 519
213, 318
156, 327
252, 894
150. 007
38, 980
42, 175
31, 897
187, 589
197, 3
291, 092

3.0

25, 139
80, 027
91, 127
73, 308
27, 960
38, 607
16, 058
20, 221
17, 170
26, 220
131, 126
50,0
26,078

1.7
33. 3
15. 3
41.3
21. 4
6.8
0.9

58. 3
37.5
49.4
31. 4.
17.9
15.3
10.7
51.9
40.7
82. 2
69.9
25.4
9.0

40, 2x +
195, 26%
166, 627
203, 159
131, 394
218, 476
121, 181
30, 338
36, 107
22, 220
155, 559
179, 101
251, 383

97, 800

350
6, 550
76, 750
91, 100
31, 250
7,350
4, 750
38, 600
86, 950

5, 700
35,000
139, 050
118, 400
162, 850

96, 500
140,000
64, 150
15, 200
22, 700

9, 700
101, 100
142, 550
101,850

36, 901
168, 658
152, 528
183, 508

91, 747
144, 796
82, 932
25, 990
30, 16+
20, 256
146, 549
1-18, 3
140, 212

97.8
92.1
97.4
98. 4
99.0
97. 7
99.0
97.1
99.0
98.8
87.9
97.8
98.6
99.5
98. 7
97. 5
98. 6
98, 7
96.8
98. 7
99.0
09.1
99.0
96. 2

91.6
86.4
91.5
90.3
69.8
66. 3
66.8
85. 6
83. 5
91. 2
94. 2
82.8
55.8

109,000

Number and percentage of farms electrified with central station service by States, 1935, 1940, 1959, and 1965Continued

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Farms Jan. 1, 1935

State

Number 1

Missouri.
Montana
Nebraska
Nevada.
New Hampshire
New Jersey.
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota..
Tennessee
Texas
Utah.
Vermont.
Virginia
Washington
West Virginia
Wisconsin
Wyoming

278, 454

50, 564
133, 616

3, 696
17, 695
29, 375
41, 369
177, 025
300, 967

84, 606
255, 146
213, 325

64.826
191, 284

4,327
165, 504

83, 303
273, 783
501, 017
30, 695
27,061
197, 632

84, 381
104, 747
199, 877
17, 487

17, 803
2, 768
9, 544

946
9, 495
15, 162

1, 350
57,825
9, 672

1, 968
48,048

5, 648
17,839
45, 182
1,975
3,796
2, 939
9, 727
11, 466
16, 130

7, 945
14, 954
40, 060

3, 647 39,206

527

6. 4
5, 5
7.1
25. 6
53. 7
51. 6

3. 3
32. 7
3.2
2.3
18. 8

2. 6
27.5
23.6
45. 6
2. 3
3.5
3. 6
2.3
52.5
29.4

7.6
47.5

3.5
19.6
30

256, 100

41, 823
121, 062

3, 573
16, 554
25, 835
34, 105
153, 238
278, 276

73, 962
233, 783
179,687

61, 829
169, 027

3,014
137, 558

72, 454
247, 617
418, 002
25, 411
23, 582
174,885
81, 686
99, 282
186, 735
15, 018

39, 204

7, 947 22, 832

1, 555
10, 845
21, 298

4, 479
102, 283
67, 627

3, 218
137, 680
20, 149
36, 369
94, 081

2, 457
27, 568

3, 981
38, 884
79, 127
17, 411
12, 213
42, 144
58, 283
25, 199
87, 556
3, 474

15. 3
19.0
18.9
43. 5
65, 5
82,4
13.1
66.7
24. 3

4.4
58.9
11.2
58.8
55. 7
81.5
20.0

5.5
15. 7
18.9
68.5
51.8
24. 1
71.4
25.4
46. 9
23.1

230, 045

35, 085
107, 183

3, 110
13, 391
24, 838
23, 599
124, 977
288, 508

65, 401
199, 359
142, 246

59, 827
146, 887

2, 598
139, 364

66, 452
231, 631
331, 567
24, 176
19, 043
150, 997
69, 820
81, 434
168, 561
12,614

157, 930
22, 915
77, 354

1, 811
12, 675
23, 174
12, 997
116, 888
218, 897
35, 646
185, 297
91, 990
53, 425
133, 467

2,411
94,842
37, 487
165, 005
258, 899
21, 427
17, 463
113, 949
64, 161
58, 789
155, 545

7, 937

68. 7
65. 3
72.2
58. 2
94.7
93. 3
55. 1
93.5
75.9
54, 5
92.9
64. 7
89.3
90.9
92.8
68.1
56.4
71, 2
78.1
88. 6
91. 7
75. 5
91.9
72. 2
92.3
62.9

160,000
30, 000
82, 000

2, 100
5, 200
12,000
14, 900
68,000
190,000
49,000
126, 000
85,000
43, 500
85,000

1, 200
65,000
52,000
152, 000
202, 000
15, 000
11, 200
85,000
51,000
37, 000
124, 000

9, 500

157, 750
28, 700
80, 350

1,800
5, 150
11, 900
13, 350
67, 300
187, 700

47, 800
123, 500
83, 300
42,750
83, 800

1, 150
63, 100
50, 700
149, 400
195, 950
14, 750
11, 050
83, 300
50, 550
35, 200
122, 750

9,000

98.6
95.7
98.0
86.4
99.0
99.3
89.6
99.0
98.8
97.6
98.0
98. O
98. 3
98. 6
98.0
97.1
97.5
98. 3
97.0
98. 2
98.7
98.0
99.1
95. 1
99.0
95.0

I U.S. Census of Agriculture.
1 Edison Electric Institute.
3 REA estimate, rounded to nearest 50 for each State.

- U.S. Department of Agriculture, Statistical Reporting Service (preliminary). Source: U.S. Department of Agriculture, Rural Electrification Release October 1965. EXHIBIT 2

RURAL ELECTRIFICATION ADMINISTRATION Administrative funds appropriated and obligated by purpose, fiscal years

1935-66

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Fiscal year:

1935 1936 1937 1938 1939 1940. 1941. 1942 1943 1944 1945 1946 1947 1948 1919 1950 1951 1952, 1953 1954 1955. 1956. 1957 1958. 1959. 19+0. 1961 1962 1963 1964. 1965. 1966.

$43, 687

699,721
1, 201, 617
1, 520,000
2, 402, 000
2,790,000
3,675, 000
4, 262, 375
3, 500,000
2,55%, 000
3, 246, 000
4,671, 965
5,550, 000
5,000,000
5, 956, 000
7, 128, 000
8, 271, 392
8, 285,000
8, 287, 980

1 $743, 408
1, 185, 711
1, 472, 311
2, 357, 115
2, 710, 118
3, 545, 276
3, 851, 120
3, 234, 539
2, 549, 227
2, 903, 975
4,469, 946
5, 528, 700
4,817, 903
5,914,985
7,040, 394
8, 229, 392
8, 214,832
8, 005, 384
7, 303, 674
7, 379, 398
8, 072, 536
8, 326, 688
9,038, 547
9, 556, 470
9, 506, 617
10. 001, 984

$743, 408
1, 185, 711
1, 472, 311
2, 357, 115
2,710, 118
3, 545, 276
3, 851, 120
3, 234, 539
2, 549, 227
2, 903, 975
4, 469, 946
5,528, 700
4,817, 903
5, 914, 985
6,687,400
7, 002, 381
6, 630, 650
5,722, 151
4, 505, 355
4, 244, 406
4, 346, 028
4, 268, 402
4, 541, 028
4,751, 162
4,717, 133
4,939, 981
5, 316, 541
5, 534, 854
5,919, 547
6,347, 350
6,613, 900

7, 565, 000 27,383, 490 38, 140,000

8, 600,000 9,030, 950 9, 019,000 9,632, 000 10, 024, 000 10, 024, 000 10, 024, 000 11, 247, 000 11, 578, 000 11, 934, 000

9, 985, 066 2 10, 396, 950

11,028,500

11, 858, 741 • 11, 934, 000

$352, 994 1, 227, 011 1, 584, 182 2, 283, 233 2,798, 319 3, 134, 992 3,726, 510 4,058, 286 4, 497,519 4,805, 308 4,789, 484 5,062, 003 4,668, 525 4,862, 096 5, 108, 953 5,511, 391 5,320, 100

Total..

203, 250, 177

201, 163, 507

137, 372, 601

63, 790, 906

I Fiscal years 1935 and 1936 combined. 2 Includes transfer of funds to REA for pay act costs. * Includes supplemental appropriations of $460,000 for pay act costs. • Estimate by REA. Sources: Congressional hearings on agricultural appropriations, Public Laws, annual reports of REA.

EXHIBIT 3 Percentage of energy purchased by REA borrowersby supplier, 1946-65

(Percent]

[graphic][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][merged small][merged small][merged small][subsumed][subsumed][subsumed][subsumed][ocr errors][merged small][subsumed][subsumed][subsumed][ocr errors]

Electric loans-funds advanced, 1935-65

i Less than one-tenth of 1 percent. Source: REA Bulletins 111-2.

EXHIBIT 4

RURAL ELECTRIFICATION ADMINISTRATION

Loans approved 1

Funds advanced

Fiscal year

Year

Cumulative

Year

Cumulative

Iiii

1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946. 1947 1948 1949 1950. 1951 1952 1953 1954 1955. 1956. 1957 1958 1959 1960 1961 1962 1963 1964. 1965

$13, 903, 412
45, 032, 805
29, 236, 219
139, 064, 513

41, 736, 000
100, 054, 672
91, 152, 724

6,700, 978 31, 930, 124 25, 731, 055 289, 372, 488 254, 521, 172 313, 023, 099 448, 859, 597 375, 151, 456 221, 733, 800 165, 425, 811 137.379, 160 155, 923, 014 164, 187, 315 188, 131, 345 298, 704, 669 235, 622, 224 169, 760, 887 210, 987, 212 271, 430, 657 255, 986, 252 339, 420, 626 260, 708, 287 350, 700, 623

$13, 903, 412
58, 936, 217
88, 172, 436
227, 236, 949
268, 972, 949
369, 027, 621
460, 180, 345
466, 881,323
498, 811, 447
524, 542, 502

813, 914, 990
1,068, 436, 162
1,381, 459, 261
1, 830, 318, 858
2, 205, 470, 314
2, 427, 204, 114
2. 592, 629, 925
2, 730,009, 085
2,885, 932, 099
3,050, 119, 414
3, 238, 250, 759
3, 536, 955, 428
3,772, 577, 652
3, 942, 338, 539
4, 153, 325, 751
4, 424, 756, 408
4, 680, 742, 660
5, 020, 163, 286
5, 280, 871, 573
5, 631, 572, 196

$832, 262
11, 041, 574
48, 175, 974
62, 299, 014
98, 947, 463
75, 107, 855
58, 220, 868
14,536, 572
18, 478, 088
39, 736, 068
87, 253, 106
190, 085, 857
246, 235, 957
321, 286, 868
286, 658, 652
268, 130, 658
227, 574, 029
207, 633, 936
181, 528, 532
156, 741, 935
154, 739, 544
185, 977, 622
205, 332, 297
211, 717, 335
222, 621, 015
183, 413, 040
195, 807, 127
245, 754, 118
245, 964, 488
299, 789, 434

$823, 262 11, 564, 836 60,040, 810 122, 339, 824 221, 287, 287 296, 393, 142 354, 616, 010 369, 152, 582 387,630, 670 427, 366, 73 514, 619, 844 704, 705, 701

950.941, 658 1, 272, 228, 526 1, 558, 887, 178 1, 827, 017, 836 2,054, 591, 865 2, 262, 225, 801 2, 443, 754, 333 2, 600, 496, 268 2, 755, 235, 812 2, 941, 213, 434 3, 146, 545, 731 3,358, 263, 066 3, 580, 884, 081 3,764, 297, 121 3, 960, 104, 248 4, 205, 858, 366 4, 451, 822, 854 4,751, 612, 288

I Net loans, rescissions deducted.
Source: Annual reports of REA.

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