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years." Lewis continued. "We. at Rappahannock Electric, know we cannot provide you with electricity for less than our city friends are paying. After all. we are serving only 5.8 consumers per mile of line as compared with over five limes that number per mile served by investor -owned power companies."
VEPCO Studied
Lewis reported that all of the cooperatives in Virginia study very carefully each VEPCO increase and employ consulting engineers to analyze the rate application so that any unjustifiable portions can be opposed. Lewis said. "Even though VEPCO is allowed to put the rale into effect, it is subject to refund if they are not allowed the full amount by the Federal Energy Regulatory Commission. In the last case, our objections won us a refund of $687,443, which will be returned to you over a period of several months in the form of a reduction in your monthly bills."
According to Lewis, the cooperative’s Load Management Program holds much promise for reducing the demand segment of Rappahannock’s wholesale power bill. "For every 1,000 watts we can eliminate from our peak demand, we can save over $12 on our monthly bill from VEPCO under (heir new rale. This means that one water heater cut off during the peak would reduce our bill that month by over $54,” he said. Lewis pointed out that the cooperative will recover its investment in this program in about three years.
Lewis announced that the new corporate headquarters building in Fredericksburg would be completed about this time next year. Presently both offices are over-crowded and parking has become a problem in Bowling Green. "We were able to borrow most of the money for the building from the Rural Electrification Administration at 5 percent interest,” he added.
Outgoing president, William M. Alphin, thanked the members, employees, and
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