Aldergrove and District News
data provider: CONTENTdm
is part of: BC Historical Newspapers
contributor: Anson, Don
issued: 2022-08-19
issued: 1958-04-24
aggregated CHO: https://open.library.ubc.ca/collections/alderstar/items/1.0417390/source.json
format: application/pdf
note: vf The Aide if grove and District News "Progress through Vigilance" Phone Aldergrove 5170 VOL. 1 No. 9 ALDERGROVE. B.C. 15 7c per copy—$2.50 yearly THURSDAY, APRIL 24, 1958 Small Uier Not Affected BX. Electric Applies For Rate Increase BTC. Electric applied for general electric rate increases Wednesday that would raise its electric revenues by approximately 12 per cent. Dal Grauer, B. C. E. president, said "this is only the second general rate increase in the company's history (the 1st being during the Korean War inflation of 1051-52) as compared wilh numerous decreases throughout our history." He said the proposed rule changes would increase the average bill for residential customers by three to four cents per day. Small consumers with bills totalling $3 or less would not be affected, he said. "Rates for commercial and small industrial customers would be increased by 5 to 10 per cent on the Mainland, and by approximately 7 per cent on Vancouver Island south," he added. "Rates for large industrial consumers, who pay much less per kilowatt hour, would face larger increases." Mr. Grauer said the application placed before the Public Utilities Commission Wednesday resulted from increasing costs which have accumulated over a number of years. Since then, Mr. Grauer explained, the company has faced a heavy expansion program to keep power production in step with requirements which 1950. Construction costs have risen sharply during that period, while tho company's rate of earnings has declined steadily during the past three years, he said. The Public Utilities Commission, Mr. Grauer stated, has established that a "fair and reasonable" earnings rate based on the cost of service facilities was B'A per cent. Actual rate of earnings," he said, "has fallen from 6.1 per cent in 1955 to 5.9 per cent In 1950, and about 5 per cent in 1057—and the downward trend is continuing in 1958. "In 1958 to 1960 inclusive, t h e company must borrow about $270,000,000," he added. "Of this more th…
note: Title changes in chronological order: Aldergrove Herald (1957-10-16 to 1958-02-20), Aldergrove News (1958-02-27 to 1964-04-30), Central Fraser Valley Echo (1964-05-06 to 1964-12-23), Central Valley Star (1967-01-17 to 1969-02-05), and Aldergrove Star (1969-02-12 to 1991-12-31). Presented to the Alder Grove Heritage Society by Kurt Langmann and Family, July 1, 2021.
has type: Newspapers
spatial: Aldergrove (B.C.)
is shown at: 10.14288/1.0417390
language: English
lat: 49.0851
long: -122.4707
provider: Vancouver : University of British Columbia Library
publisher: Aldergrove : [publisher not identified]
rights: Images provided for research and reference use only. Permission to publish, copy, or otherwise use these images must be obtained from the Digitization Centre: http://digitize.library.ubc.ca/
source: Original Format: Alder Grove Heritage Society
type: Text