A SUCKER LIST WITHOUT 'SUBSIDY'

McMillin, Miles

Public Power News A Sucker List Without 'Subsidy' By MILES McMILLIN Rankin PUBLICATION here some weeks ago of one of Rep. John Rankin's tables on comparative costs of private ownership and TVA...

...2,418,832,000 53,930,900 31,721,198 22,209,702 Delaware...
...John Rankin's tables on comparative costs of private ownership and TVA power stirred up quite a commotion among the power trusters and their water boys...
...50 Years And A Decade None of the critics disputes the fact that TVA sells power at greatly reduced rates...
...3,489,639,000 68,648,800 36,726,688 31,922,112 Montana 1,736,720,000 15,671,000 8,146,340 7,524,660 Nebraska 773,693,000 19,973,300 10,875,675 9,097,625 Nevada...
...1,374,621,000 31,893,900 17,982,899 13,911,001 Kentucky 1,677,998,000 32,803,500 17,635,837 15,167,663 Louisiana 1,645,335,000 31,148,700 19,000,791 12,147,909 Maine 975,232,000 18,700,900 11,102,132 7,598,768 Maryland 2,472,084,000 45,660,400 25,539,064 20,121,336 Massachusetts 4,322,849,000 113,448,800 70,086,874 43,361,926 Michigan 7,097,806,000 134,278,900 73,886,481 60,392,419 Minnesota...
...The table, as you remember, demonstrated that if the United States was paying for its power on the TVA yardstick basis, its total power bill would be reduced by $1,185,233,674...
...The overcharge when TVA rates are used is $1,185,233,674...
...12,005,897,000 198,175,200 85,323,325 112,851,875 Colorado...
...345,458,000 6,884,800 4,049,445 2,835,355 District of Columbia...
...Tacoma has owned its...
...11,137,170,000 183,233,400 97,050,189 86,183,211 Oklahoma 1,261,583,000 30,359,900 17,960,369 12,399,531 Oregon 2,016,158,000 26,471,200 11,356,537 15,114,663 Pennsylvania 15,700,440,000 249,036,700 135591,288 113,445,412 Rhode Island 807,095,000 20,006,400 12,347,437 7,658,963 South Carolina 1,685,051,000 23,770,300 12,126,365 11,643,935 South Dakota 223,137,000 7,832,500 4,891,670 2,940,830 Tennessee 4,833,695,000 40,183,000 15,288,918 24,894,082 Texas 4,716,867,000 95,196,300 54,688,272 40,508,028 Utah...
...Here, indeed, is a sucker list...
...For the moment, however, let's assume they are true...
...1,439,442,000 17,668,900 7,289,639 10,379,261 Florida...
...If the TVA comparison is objectionable because of government subsidy and tax "irresponsibility," then let's consider the Tacoma system which, I am sure my critics will agree, involves no such questions...
...own utility for almost a half a century and operates in a comparatively small area, while TVA has had only a decade in which to build and organize its system over a vast territory with infinitely greater problems...
...These phony claims have been exposed before in this column, and I don't intend to go into them now...
...847,821,000 21,959,700 12,657,160 9,302,540 Connecticut...
...2,017,295,000 46,735,900 26,343,935 20,391,965 Kanasas...
...The lengths to which some of the critics will go to discredit TVA can be no better illustrated than by one of the letters which concludes by pointing out that if the rates of Tacoma, Wash., were in effect throughout the country the total power bill would be $398,058,797 less than the total bill under TVA rates...
...2,239,736,000 55,011,100 30,819,269 24,191,831 Mississippi 666,511,000 14,783,300 8,647,691 6,135,609 Missouri...
...Rankin's figures in the Congressional Record, please note that the total overcharge for the United States is $1,267,-015,929 when the Tacoma rates are used as a basis of comparison...
...Moreover, it is not a fair comparison...
...704,002,000 12,764,400 8,216,321 4,548,079 Arkansas 683,145,000 16,811,000 10,096,550 6,714,450 California...
...State Kilowatts Used in 1942 Total Cost Total Under Tacoma Rates Overcharge Alabama...
...1,263,010,000 40,138,900 25,985,809 14,153,091 Georgia...
...Some of them were so disturbed that they have been neglecting their coupon clipping to write long and somewhat inapt letters about government ownership of newspapers, shoe shine parlors, or other businesses which they have obviously forgotten are not operated on a monopoly basis like the utilities...
...Since Tacoma is the nation's outstanding example of public ownership, this is an astounding comparison for an advocate of private ownership to make...
...Their objections are that TVA is subsidized and does not pay its "fair share" of taxes...
...This figure represented the difference between what we are now paying and what we would pay if the rates now in effect in the Tennessee Valley area were extended to the country as a whole...
...In the following table, taken from Rep...
...18,429,737,000 361,418,600 223,353,416 138,065,184 North Carolina 3,499,721,000 52,173,000 26,819,294 25,353,706 North Dakota 180,278,000 7,008,200 4,340,847 2,667,353 Ohio...
...2,512,867,000 42,543,700 22,696,545 19,847,155 Idaho 781,471,000 11,418,200 5,983,993 5,434,207 Illinois 10,397,217,000 205,524,500 119,072,485 86,452,015 Indiana 4,286,988,000 85,064,400 48,074,088 36,990,312 Iowa...
...1,117,518,000 15,351,400 8,369,058 6,982,342 Vermont 299,933,000 7,880,700 4,608,306 3,272,394 Virginia 2,203,554,000 43,664,000 24,297,936 19,366,064 Washington 6,253,201,000 55,289,100 22,689,817 32,599,283 West Virginia 2,752,822,000 37,641,700 21,171,924 16,469,776 Wisconsin 3,380,057,000 69,062,800 38,631,820 30,430,980 Wyoming 144,633,000 4,456,300 2,744,670 1,711,630 United States of America 158,333,465,000 $2,850,307,400 $1,583,291,471 $1,267,015,929...
...154,729,000 3,277,100 1,921,835 1,355,265 New Hampshire 487,904,000 12,335,600 7,401,203 4,934,397 New Jersey 5,000,452,000 119,253,300 74,635,265 44,618,035 New Mexico 178,147,000 6,599,200 4,418,793 2,180,407 New York...
...3,693,914,000 $ 37,163,600 $ 18,626,008 $ 18,537,592 Arizona...
...Our purpose in publishing the tables in the first place was to show, of course, that private ownership is a burden on the consumers of electricity...

Vol. 7 • October 1943 • No. 42


 
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