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HEARINGS

BEFORE A

SUBCOMMITTEE OF THE

COMMITTEE ON
AGRICULTURE AND FORESTRY

UNITED STATES SENATE

EIGHTY-NINTH CONGRESS

SECOND SESSION

ON

S. 3337, S. 3720,
And a Draft Bill Proposed by the Department of Agriculture

BILLS TO AMEND THE RURAL ELECTRIFICATION ACT OF
1936, AS AMENDED, TO PROVIDE ADDITIONAL SOURCES
OF FINANCING FOR THE RURAL ELECTRIFICATION
AND RURAL TELEPHONE PROGRAMS, AND FOR OTHER

PURPOSES

AUGUST 15, 16, 17, 18, AND 19, 1966

Printed for the use of the Committee on Agriculture and Forestry

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COMMITTEE ON AGRICULTURE AND FORESTRY

ALLEN J. ELLENDER, Louisiana, Chairman SPESSARD L. HOLLAND, Florida

GEORGE D. AIKEN, Vermont JAMES 0. EASTLAND, Mississippi

MILTON R. YOUNG, North Dakota HERMAN E. TALMADGE, Georgia

JOHN SHERMAN COOPER, Kentucky B. EVERETT JORDAN, North Carolina J. CALEB BOGGS, Delaware GEORGE MCGOVERN, South Dakota JACK MILLER, Iowa ROSS BASS, Tennessee JOSEPH M. MONTOYA, New Mexico WALTER F. MONDALE, Minnesota DONALD RUSSELL, South Carolina

Cotys M. MOUSER, Chief Clerk

SUBCOMMITTEE ON AGRICULTURAL CREDIT AND RURAL ELECTRIFICATION

HERMAN E. TALMADGE, Georgia, Chairman SPESSARD L. HOLLAND, Florida

JOHN SHERMAN COOPER, Kentucky GEORGE MCGOVERN, South Dakota

GEORGE D. AIKEN, Vermont ROSS BASS, Tennessee

JACK MILLER, Iowa

II

CONTENTS

457

457

466

471

479

323

Statement of:

Anderson, Jerry L., assistant general manager, National Rural

Electric Cooperative Association.

Asheim, Robert G., administrative vice president, Black Hills Power

& Light Co., Rapid City, S. Dak.-

Bass, Hon. Ross, a U.S. Senator from the State of Tennessee.

Bannard, William N., chairman, Public Utility Securities Committee,

Investment Bankers Association of America, New York, N.Y.

Bernoski, Walt, secretary, Iowa Utility Workers Conference, and

president, IBÉW Local Union 880, Sioux City, Iowa. --

Bicknell, A. o., general manager, Trico Electric Cooperative, Tucson,

Ariz.

Blanchar, Carroll H., president, Public Service Co. of Indiana,

Plainfield, Ind..

Borneman, Alfred E., vice president and director, Kidder, Peabody

& Co., New York, N.Y.

Bouldin, Walter, president, Alabama Power Co., Birmingham, Ala.

Branch, Harllee, Jr., president, Southern Co., Atlanta, Ga.; also repre-

senting the Edison Electric Institute.-

Broussard, D. L., financial vice president, Utah Power & Light Co.,

Salt Lake City, Utah -

Brown, J. C., Jr., executive manager, Tarheel Electric Membership

Association, Raleigh, N.C.-

Brown, Moylan E., regional manager, National LP-Gas Association -
Campbell, Birum G., vice president, Consumers Power Co., Jackson,

Mich.

Campbell, Howard V., Acting Assistant General Counsel for Rural

Development and Conservation, U.S. Department of Agriculture -

Cannon, Daniel W., policy executive, Industrial Environment Depart-

ment, National Association of Manufacturers, New York, N.Y..

Carpenter, L. C., vice president, Midcontinent Farmers Association,

Columbia, Mo.
Christenson, B. Maynard, president, National Telephone Cooperative

Association, Volin, S. Dak.-
Clapp, Norman M., Administrator, Rural Electrification Administra-

tion, U.S. Department of Agriculture-
Clapp, William J., president, Florida Power Corp., St Petersburg,

Fla., and president, Edison Electric Institute

Clark, Hon. Joseph S., a U.S. Senator from the State of Pennsylvania -

Cobb, J. R., general manager, Texas Electric Cooperatives, Austin,

Tex.

Cook, Donald C., president, American Electric Power Co., New

York, N.Y.

Cooper, Hon. John Sherman, a U.S. Senator from the State of

Kentucky---

Dalton, H. A., general manager, Brazos Electric Power Cooperative,

Waco, Tex.

Davenport, John B., Jr., general manager, Missouri Electric Coopera-

tives, Jefferson City, Mo.

Dechant, Tony T., president, National Farmers Union.

Douglas, Hon. Paul H., a U.Ś. Senator from the State of Illinois.

Dudley, J. T., manager, Singing River Eelectric Power Association and

South Mississippi Electric Power Association, Luce dale, Miss.

Duncan, W. A., president, Kentucky Utilities Co., Lexington, Ky-

195

384

427

184

236

504

173

424

433

171

Forsberg, Carl J., chairman of the board, Wisconsin Power & Light

Co., Madison, Wis.

Freeman, Hon. Orville L., Secretary of Agriculture.
Fullarton, David C., executive manager, National Telephone Co-

operative Association.

Graham, Harry L., legislative representative, National Grange.-

Greenleaf, Robert W., president, Iowa Southern Utilities Co., Center-

ville, Iowa.

Griffith, Frank W., president, Iowa Public Service Co., Sioux City,

Iowa

Gruhl, Alfred, president, Wisconsin Electric Power Co., Milwaukee,

Wis...

Guthmann, Harry G., emeritus professor of finance, Northwestern

University School of Business, Evanston, Ill.

Harmon, Eugene J., director, USITA-REA Telephone Program,

United States Independent Telephone Association.

Harris, Hon. Fred R., a U.S. Senator from the State of Oklahoma -

Harris, Shearon, president, Carolina Power & Light Co., Raleigh,

N.C.

Hartl, Albert V., president, Otter Tail Power Co., Fergus Falls,

Minn

Hatch, Edwin I., president, Georgia Power Co., Atlanta, Ga..

Hathway, George W., president, Central Illinois Light Co., Peoria,

Ill.

Horton, Jack K., president and chief executive officer, Southern

California Edison Co., Los Angeles, Calif.

Hundley, J. C., executive manager, Tennessee Rural Electric Cooper-

ative Association, Nashville, Ñenn...

Jackman, William, president, Investors League, New York, N.Y.

Jones, Arthur, Midwest Electric Consumers Association, Britton,

S. Dak.

Jones, J. T., president, Empire District Electric Co., Joplin, Mo.---

Kammert, D. M., president, Monongahela Power Co., Fairmont,

W. Va.

Kennedy, Donald S., president and chairman of the board, Oklahoma

Gas & Electric Co., Oklahoma City, Okla-

Kigar, Donald F., président, Detroit Edison Co., Detroit, Mich.--

Leighton, Lawrence W., associate, Kuhn, Loeb & Co., New York,

N.Y., on behalf of the National Rural Electric Cooperative Associa-

tion.

Lilly, C. A., Jr., president, Gulf Power Co., Pensacola, Fla.

Lindberg, Dennis, president, Midwest Electric Consumers Association,

Odebolt, Iowa.

Luthringer, M. S., president, Central Illinois Public Service Co.,

Springfield, Ill..

Lynn, John C., legislative director, American Farm Bureau Federation.

MacDonald, R. G., president, West Penn Power Co., Greensburg, Pa.

MacInnes, William C., president, Tampa Electric Co., Tampa, Fla-

Madgett, John P., general manager, Dairyland Power Cooperative,

La Crosse, Wis..

Matson, William F., general manager, Pennsylvania Rural Electric

Association, Harrisburg, Pa--

211

529

216

173

209

559

443

111
86

206

454

83

398

Statement of—Continued

McDonald, Angus, director of reserach, National Farmers Union.---

McDonald, Mrs. Grace, executive secretary, California Farmer-

Consumer Information Committee, Santa Clara, Calif..

McDowell, A. H., Jr., president, Virginia Electric & Power Co., Rich-

mond, Va.--

McElwain, Joseph A., assistant to the president, Montana Power

Co., Butte, Mont-

McGee, Hon. Gale W., a U.S. Senator from the State of Wyoming.

McGovern, Hon. George, a U.S. Senator from the State of South

Dakota.

McGuire, W. B., president, Duke Power Co., Charlotte, N.C.-.-

McLean, John H., assistant vice president, Wisconsin-Michigan Power

Co., Appleton, Wis...

Meehan, John J., group manager, Community, Regional, Natural

Resources Development Group, Chamber of Commerce of the

United States..
Mondale, Hon. Walter F., a U.S. Senator from the State of Min-

nesota
Monroney, Hon. A. S. Mike, a U.S. Senator for the State of Oklahoma-
Montoya, Hon. Joseph M., a U.S. Senator from the State of New

Mexico.
Mueller, A. D., executive vice president and general manager, Indiana

Statewide Rural Electric Cooperative, Indianapolis, Ind..

Muskie, Hon. Edmund S., a U.Š. Senator from the State of Maine...
Nelson, Hon. Gaylord, a U.S. Senator from the State of Wisconsin....

O'Connell, Robert T., secretary, National Council of Farmer Co-

operatives.

Partridge, Robert D., senior legislative representative, National Rural

Electric Cooperative Association.

Patterson, Dr. Robert T., economist, National Associated Business-

Person, Robert T., president, Public Service Co. of Colorado, Denver,

Colo.; also representing the Edison Electric Institute..

Peterson, Harold, executive director and counsel, National REA

Telephone Association, Minneapolis, Minn---

Pinson, M. L., general manager, Sulphur Springs Valley Electric Co-

operative, Willcox, Ariz., and president, Grand Canyon State

Electric Cooperative..

Proxmire, Hon. William, a U.S. Senator from the State of Wisconsin..

Purcell, H. C., general manager, Golden Valley Electric Association,

Fairbanks, Alaska -

Rice, J. Lee, Jr., president, Allegheny Power System, New York, N.Y.

Rinta, Eugene F., executive director and research director, Council

of State Chambers of Commerce

Ritchie, Reeves, president, Arkansas Power & Light Co., Little Rock,

Ark.

Robinson, Charles A., Jr., staff engineer and staff counsel, National

Rural Electric Cooperative Association.--

Robinson, P. H., president, Houston Lighting & Power Co., Houston,

Tex...

Short, Robert H., vice president, Portland General Electric Co.,

Portland, Oreg -

Shouse, J.' W., president, Meriwether Lewis Electric Cooperative,

Centerville, Tenn.
Sickels, Harvey N., secretary, National Farmers Organization,

Corning, Iowa.

Sinnott, Joseph F., president, San Diego Gas & Electric Co., San

Diego, Calif.

Smiley, Arval M., director, National Rural Electric Cooperative

Association, Fowler, Ind..

Smith, Nelson Lee, on behalf of the Edison Electric Institute, New

York, NY..

117

577

389

291

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