Rural Telephone Supplemental Financing: Hearings Before ..., 91-1 on H.R. 7, H.R. 81,H.R. 4020, H.R. 4192, and H.R. 7872, February 19, 20, 21 , and March 13, 1969 |
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Page 60
Mr. Chairman , seated with me at my left is Dr. John Thornborrow , assistant
managing director of the Edison Electric Institute . I am Shearon Harris , president
of Carolina Power & Light Co. and I appear today on behalf of the Edison Electric
...
Mr. Chairman , seated with me at my left is Dr. John Thornborrow , assistant
managing director of the Edison Electric Institute . I am Shearon Harris , president
of Carolina Power & Light Co. and I appear today on behalf of the Edison Electric
...
Page 61
rowers and virtually all the investor - owned electric companies opposed the
electric bank bill as approved by a narrow majority of this committee . Enactment
of a telephone bank would create an unfortunate and unwise precedent for the
entire ...
rowers and virtually all the investor - owned electric companies opposed the
electric bank bill as approved by a narrow majority of this committee . Enactment
of a telephone bank would create an unfortunate and unwise precedent for the
entire ...
Page 65
In the electric program , unnecessary and improper ( and perhaps illegal ) loans
for generation and transmission purposes have been made in recent years .
Loans have been made for electric facilities to provide large blocks of power to ...
In the electric program , unnecessary and improper ( and perhaps illegal ) loans
for generation and transmission purposes have been made in recent years .
Loans have been made for electric facilities to provide large blocks of power to ...
Page 67
Tenneco , Inc. Electric utilities Allegheny Power Baltimore Gas & Electric . Boston
Edison ... Central Illinois Public Service . Central and Southwest .. Cincinnati Gas
& Electric . Delmorba Power & Light . Detroit Edison . Empire District Electric .
Tenneco , Inc. Electric utilities Allegheny Power Baltimore Gas & Electric . Boston
Edison ... Central Illinois Public Service . Central and Southwest .. Cincinnati Gas
& Electric . Delmorba Power & Light . Detroit Edison . Empire District Electric .
Page 75
On page 2 in your testimony , referring to Mr. McMillan's and Mr. Teague's bills ,
to provide a program for insured loans for both REA electric and telephone
borrowers — I am speaking primarily of telephone borrowers — is it a fact that the
...
On page 2 in your testimony , referring to Mr. McMillan's and Mr. Teague's bills ,
to provide a program for insured loans for both REA electric and telephone
borrowers — I am speaking primarily of telephone borrowers — is it a fact that the
...
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Expressions et termes fréquents
2-percent money able additional Administrator amendment amount appear applications appropriations areas Arkansas Association authorized Bank Board believe bill borrowers capital CHAIRMAN Commission committee Congress continue cooperatives corporation cost course direct directors electric established existing fact Farm Federal financing funds further future going GOODLING Government HAMIL HARRIS hearings improve increase industry interest intermediate investment legislation loans Lynn means meet million objection operation organizations percent present President problems proposed Public Service question REA telephone reasonable record represent Rural Electrification rural telephone Rural Telephone Bank serve statement subscribers subsidy suggested TEAGUE telephone bank telephone borrowers telephone companies telephone loan telephone program telephone service telephone systems testimony Thank thing understand United utilities vote witness
Fréquemment cités
Page 7 - Interest on loans made under this section shall be at a rate not less than (i) a rate determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans adjusted to the nearest one-eighth of 1 per centum, plus (ii) an allowance adequate in the judgment of the Secretary of Transportation to cover administrative costs and...
Page 7 - States, and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
Page 4 - ... shall be guided by the policy of making payments not in excess of the taxes which would have been payable upon such property in the condition in which it was acquired.
Page 4 - States in collecting debts from bankrupt, insolvent, or decedents' estates; to determine the character of and the necessity for its obligations and expenditures, and the manner in which they shall be incurred, allowed, and paid...
Page 11 - Congress that adequate telephone service be made generally available in rural areas, through the improvement and expansion of existing telephone facilities and the construction and operation of such additional facilities as are required to assure the availability of adequate telephone service to the widest practicable number of rural users of such service.
Page 9 - Act of 1936, as amended, is repealed. (b) Section 201 of the Rural Electrification Act of 1936, as amended, is amended by inserting ", to public bodies now providing telephone service in rural areas", immediately after the word "areas...
Page 6 - Provided, That the minimum amount of class A stock that shall be retired each year after said date and after the amount of class A and class B stock issued totals $400,000,000, shall equal the amount of class B stock sold by the telephone bank during such year.
Page 5 - Board shall prescribe bylaws, not inconsistent with law, regulating the manner in which the telephone bank's business shall be conducted, its directors and officers elected, its stock issued, held, and disposed of, its property transferred, its bylaws amended, and the powers and privileges granted to it by law exercised and enjoyed. (h...
Page 48 - The CHAIRMAN. Are there any other questions? If not we are very much obliged to you, Doctor.
Page 6 - ... consist of capital subscribed by the United States, by borrowers from the telephone bank, by corporations and public bodies eligible to become borrowers from the telephone bank, and by organizations controlled by such borrowers, corporations, and public bodies. Beginning with the fiscal year...
Informations bibliographiques
| Titre | Rural Telephone Supplemental Financing: Hearings Before ..., 91-1 on H.R. 7, H.R. 81,H.R. 4020, H.R. 4192, and H.R. 7872, February 19, 20, 21 , and March 13, 1969 |
| Auteur | United States. Congress. House. Committee on Agriculture |
| Publié | 1969 |
| Longueur | 119 pages |
| Exporter la citation | BiBTeX EndNote RefMan |