OREGON EXHIBIT 12 AVERAGE COST PER KWH OF ENERGY PURCHASED BY REA BORROWERS ARIZO NEW MEXIC U.S. Average 0.79 0.66 1.37 -1.19 1.00 The influence of TVA's and Bonneville's low wholesale electric power rates on wholesale electric rates to rural electric cooperatives else 6.9. where in the nation is indicated by the average price per kwh which grows progressively higher as the distance from TVA and Bonneville increases. The low rates charged by the privately owned utilities adjacent to the TVA area, whether they are low by TVA example or by TVA competition, have not retarded the growth in the companies' common stock earnings. From 1937, the earliest year for which Federal Power Com mission data are available, to 1952, the record shows that earnings available to the common stockholders of the larger privately owned power companies in the United States a little more than doubled and similar earnings of the companies adjacent to TVA increased fivefold. EXHIBITS 15 AND 16. RECOMMENDATIONS OF FEDERAL POWER APPROPRIATIONS AND AUTHORIZATIONS Whereas there are a great number of hydro projects throughout the United States for the development of low-cost electric power; and Whereas these projects are needed to meet the requirements for electric power in the Nation; and Whereas there is a need for the acceleration of the program of conservation and control of our river-basin waters for power, irrigation, and flood control, the benefits of which are essential for the long-term prosperity of the Nation: Now, therefore, be it Resolved, That we, the delegates to the 12th annual meeting of the NRECA, assembled January 11-14, 1954, do hereby urge Congress to: 1. Appropriate necessary funds for the construction and completion of all multipurpose hydro projects approved by proper authorities and meeting the specifications laid down for feasible multipurpose dam construction, and by way of illustration, but not exclusive of other such projects, as the following dams: Alabama-Coosa, Jim Woodruff, St. Lawrence, Niagara, Missouri Basin, Oahe, Buffalo Rapids, Glendo, Yellow Tail, Frying Pan-Arkansas, Table Rock, Keystone, McGee Bend, Grier Ferry, Eufala, Hells Canyon, Ice Harbor, Hartwell, Upper Columbia, Buford, Devils Canyon, and Colorado River storage project; be it further Resolved, That Congress enact the necessary legislation to assure the people that development of hydro sites solely for power-production purposes, by commercial utilities, or non-Federal agencies may be undertaken only when such development will not interfere with ultimate comprehensive regional or river basin development, which because of size and complexity of purpose should be properly undertaken only by Federal agencies; be it further Resolved, That we urgently request Congress to appropriate necessary funds for transmission facilities to integrate river-basin project-power facilities, and delivery of power to preference customers' load centers; be it further Resolved, That rights of preference customers, under the Flood Control Act of 1944, be recognized, and that preference customers be advised that power is available, and their needs met before contracts or interim agreements are made with commercial utilities for disposal of power from various power projects (1954). EXHIBIT 17. URGING BROAD FEDERAL POWER PROGRAM Whereas the United States, in its numerous great rivers and river basins, is possessed of the assets and resources that will upon maximum development, retain, enrich our soil, provide unlimited recreation for the people of the country, conserve the natural resource, and insure adequate electrical power supply to meet the long-range demand of all individuals and industries alike, resulting in such a combination of facilities for progress that America can achieve its highest potential standard of progress and prosperity; and Whereas it is to the personal interest of all of the more than 12 million farm people now served by rural electric cooperatives and public-power districts, that the development of all of these phases of the river and river basins resources be expedited with emphasis on the pressing need of the rural electric systems for additional dependable, low-cost power sources, without which these systems cannot attain their maximum service; and Whereas it is recognized that much work has been done and progress made, in planning the development of this resource by the Department of the Interior, Corps of Enginees, and other assisting agencies in this Government, and progress has been made toward the consummation of some of this planning, which clearly shows the wisdom of the undertaking by the achievements already attained: Now, therefore, be it Resolved, That we urge the development of all of the country's economically feasible potential hydroelectric power as rapidly as practicable; and be it further Resolved, That the Congress of the United States is petitioned to provide funds and loan authorizations for river basin and water power developments and for the generation of electricity in connection therewith; and be it further Resolved, That the Congress of the United States is petitioned to provide funds and loan authorizations for the construction of transmission lines to distribute the electric power so generated to cooperatives, public power districts, and municipal consumers, at their load centers, and to integrate various electric facilities regardless of who owns or operates them; and be it further Resolved, That the Congress of the United States is petitioned to provide funds and loan authorizations for the construction of fuel-burning generating capacity where necessary to firm up hydro generation and to improve the efficiency of such generation; and be it further Resolved, That the Congress of the United States is petitioned to continue the established power policy of the United States, thus providing the development of potential hydro power and the sale and delivery to load centers of the consumer of this power wholesale, over sef-liquidating transmission lines-first to public bodies and cooperatives and then to private companies in that order-and to the accomplishment of this end, it should provide adequate appropriations for construction and administration (1953). EXHIBIT 18. URGING SUPPORT OF GENERATION AND TRANSMISSION RIGHTS AND FUNDS Whereas the pressure continues in intensity against the appropriation of funds for the construction of generating plants and transmission lines; and Whereas it is felt by the delegates to this annual meeting that the right to construct said generating plants and transmission lines is the lifeblood of the rural electrification program; Now, therefore, be it Resolved, That we urge the Members of Congress to do everything within their power to defend the right of REA cooperatives to construct and operate generating plants and transmission lines to serve themselves: and be it further Resolved, That we urge the Congress to appropriate adequate funds for this purpose (1954). EXHIBIT 18-A. URGING SUPPORT OF GENERATION AND TRANSMISSION RIGHTS AND FUNDS Whereas it is imperative that rural electric cooperatives have the right to construct and operate generating plants and transmission lines; and Whereas it has been proven by history that the very economic foundation of the rural electric cooperatives is dependent upon an adequate power supply at reasonable rates, and that it was only through the construction of generating and transmission facilities by a few cooperatives to serve as a self-controlled yardstick as to reasonableness of rates, that the economic welfare of the electric cooperatives throughout the United States has been protected; and Whereas the Congress of the United States has, in the past, recognized this right: Now, therefore, be it Resolved by the delegates to NRECA convention assembled in San Francisco, That we urge the Members of the House of Representatives and the Senate to support legislation to protect and defend the right and opportunity of the cooperatives to construct and operate generating plants and transmission lines; and be it further Resolved, That we urge Congress to appropriate loan funds for this purpose. (1953.) EXHIBIT 19. COMMENDING AND SUPPORTING TVA EXPANSION Whereas the TVA has been so vitally constructive in providing low-cost electric power and energy to the farmers, homeowners, defense industries, other industries, municipalities, and mills in the Tennessee Valley, and improved the general standard of living for farm and home owners through furnishing power to the rural electric cooperatives, and to the establishment of industries in its aren; and Whereas the Tennessee Valley Authority has made vast contributions to national defense, including the provision far ahead of schedule of the tremendous needs for power of the atomic energy program, furnishing this power at rates so low as to save all the taxpayers of the United States millions of dollars; and Whereas the TVA program is self-liquidating, repaying capital invested by the people of the United States over a 40-year period and will still belong to all the American people after the people of the Tennessee Valley have paid for it; and Whereas TVA's wholesale rate yardstick has reduced the rates at which all rural electric systems must buy power, thus exercising a restraining influence that diminishes only with the distance from TVA territory: Now, therefore, be it |