The Daily Alaska empire Newspaper, March 19, 1947, Page 2

THE DAILY ALASKA EMPIRE—JUNEAU, ALASKA PAGE TWO CLEARING MACKINAC STRAITS _ 7he jce breaker Mackinaw retraces its course to improve channel through ice at the straits of Mackinae for St. Ignace-Mackinaw City ferriess OVER UTILITIES WITH W. STUART Workers U for tend the credit corporation one juncau Kiwanis Club today fol- al y 1te, Dresenl expiration 1owed the lead ol three other local CIO Ur d June 30. ce clubs in appointing a re- ntative to a committee whose im is to bring before the voters { Juneau facts in the Public Util- referendum vcte to be taken April : Henry Leege was appoinied as presentative o the findings com- mittee after the moticn had been 1ssed unanimously. Parsons, a visitor frcm Ve ntroduced to the made a brief state- nt of the present lack of intor- on relative to the whole ques- ion of public ownership of utili- es, charging false and misleading sures have been published Then he introduced Walter Stu-: electrical engineer, now of Sit- Stuart spcke briefly, outlining s views on the power situation in neau, and the situation as it ght develop if the city were to over the AEL&P as a public, y. Then he opened the meet- to questions, some of which,| h the answers, iollow: Q.—~What would be the approxi- s if Juneau were to Light Company? es are not available as on the basis of kilowatt hours. n for the Rep Expressed in dollars, Stuart said, ter for the nationalgls the net profit under municipal peration would av:rage more than | Reece, wh W rren jo ry in 1948 ,B(/M .‘Bzé’@m(/i go. S/INCE /887 QLALITY cf Juneau. treve £ o / ; Black FIXING DOLLY _ pressed in Norwegian costume, 3- year-old Karen Bettum pretties her doll at a pier in New York after arriving from Oslo, Norway, with her mother, Mrs. Leif | Bettum, to join the tot’s father in Brooklyn, N. Y. | | hearings which continued from t! $100,000 a year before interest and taxes and other deductions. A rate raise would of course in- i crease the profits, but would be a : policy decision to be made by the City Council. Q.—Is the $900,000 price set by AEL&P for sale to the City out of line? A.—For the actual physical equip- ment, it is. For the earning capa- city of the utility, no, Stuart claim- ed. As to the state of the equip- ment, the single major repair now due is a new 1lumé, Q.—Is sufficient power produced with the present equipment? A.—Approximately half. In other words—no. Q—What cther advantages would throdgh municipal owner- ship besides possible savings? Why be got shouit: Sty poer JUDY BOND Blouses... Springtime Has Come- short and three quarter length sleeves . . . . in plain white Blues and Greens in small checks n, declared he ‘was “confident of & E = n n n R R n an "!' 3 an Y, on the matter of the purchase of its property. to sell, but it was not in a position to plac E his apprisal and values up to date. The Ci & Veatch apfiraised the property at $1,087,474.00. The City then began rate e latter part of February until the end of March. Before those hearings were concluded the Company, at the request of the Mayor, revised its offer and made the price $1,000,000.00. orie half of the power is purchased from the Alaska Juneau Mine, while the base load plant furnished about one WEDNESDAY, MARCH 19, 1947 neau into debt? A.~-T can give no more than just fit of $100,000 a year. terjected the comment that a re- venue bond issue does not saddle | the voters. The AEL&P pays more |taxes now than would be paid by the utility under public ownership, in business successfully,; Stuart as a parallel to tne Juneau | situation, and Stuart was asked: After 12 years of municipal owner- | ship, why does Ketchikan still have a debt of $750,000 in unredeemed bonds, if the total profit since the | purchase in 1935 has been $991,- | 000? Stuart said that the bonds are the facts. The City can buy the| utility on credit, and make a pro- | At this point Ernie Parsons in-: not payable yet. In the time since the purchase of the utility, the STEVEN'S The House of Swansdown STATEMENT of ALASKA ELECTRIC LIGHT & POWER CD. The Alaska Electric Light & Power Co. wishes to inform the voters of Juneau that s taking no part in any controversy over the purchase of its property and business by the City In order to keep the record straight the attention of the voters is called to the con- y znd the negotiations between the City and the Company in 1945 and 1946. In the Spring of 1945, shortly after election, the Council approached the Company The Company at that time expressed its willingness price cn the property until its appraiser had brought v then employed the firm of Black & Veatch to appraise the property. Before the appraisal was presented to the Council or made available to the Com | the Council urged the Company to submit a price. | 000.00, which included its entire property within and without the City of Juneau, including its water ! right on Gold Creek. This was before the Black & Veatch appraisal was received here. The Company submitted an The City Council then set up a new rate schedule and the Company filed suit in system has been greatly improved. puy e people of Ju- Ketchikan 1.as reac.iec the highest | home usage of electric power in the: United States, and has the lowest. rates in Alaska. Asked if the rates should be rais- ed under municipal ownership in Juneau, Stuart repeated his state- ment that that was a question up to the City. His private opinion is that they should. The Ketchikan rates have dropped to an average sale price of 1.7 cents per kilowatt hour. Double the amount of elec- tricity is used in Ketchikan as is used in Juneau. The retail rate there, however, is almost as low as the wholesale rate which is payed by the AEL&P in Juneau for cur- rent purchased from the Alaska- | Juneau Mine. e —— WASHINGTON — Great Britain has been allocated 25,000,000 addi- tional pounds of meat for the first quarter of this year, Agriculture Department officials said today. This brings the quarter's allocation to 50,000,000 pounds. offer of $1~,§33,’: BEGGING PEANUTS_A grizzly bear performs droll antics at Fleishhacker zoo, San Francisco, in an attempt to draw the attention of visitors passing out peanuts. " Zepey Contennial Refrigeriion Rolls i o BE R A ETING , ¥ f A of i TESTED » 63 RECIPE '_’_7\ .} Py A & QBE’ 1’%&E_41i:}'ifl ,\ Hor Eresit Rous! A trea Biat well, thep add: 5 # ! CoxENNIAL make 3% cups (abour) sifted Cen tende: TENNIAL SILK-SIFTED FLOUR {NEAD until smooth 3 5, let rise until do in a moderately hot oven F.) 15t0 20 Special Busin €.10. HALL > NIAL SILK-SIFTEL FLOUR; 2 eggs, D, | | gount on Centennial for the best Flour that can be milled! Court to enjoin the enforcement of the new schedule as being invalid under the provisions of the Constitution of the United States. While the suit was pending negotiations were carried on be- tween the Council and the Company, with the aid of the Company’s own appraiser, Mr. Henry L. Gray, and the rate schedule was again revised and the new schedule acepted by the Company, and a new offer was made by the Company to the Council. The new rate schedule which was accepted by all parties calls for a reduction of approximately $16,000.00 annually in the Company’s net eatn- ings. The new offer to the City for the entire p ‘operty and system of the company, including its water right, machinery, transmission system, buildings, etc. was $900,009.00. The propesition is being submitted to the voters at the election to be held on April 1st. The Company is determined not to be drawn into any controversy regarding the pro- posed bond issue for the purchase of its property. All of its negotiations with the Council regard- ing rates and regarding the price were conducted openly and publicly. The Company accepted the reduction in rates and its option was accepted by the Council in good faith. If the voters authorize the purchase of the company’s property the transfer will be made upon the payment of the price. If the voters decide not to purchase the property the Com- pany will carry on as in the past, but it will not directly or indirectly seek to influence the result of the vote on April 1st; and it does not desire to take sides in any contest between the advocates and opponensts of public ownership. The complete record is in the hands of the City Clerk and available to anyone who desires information on the subject. ALASKA ELECTRIC LIGHT & POWER COMPANY By S. T. CORBUS, President A. WILLIAM CORBUS, Secretary < e