Show Rural Electric Financing Aired Methods of obtaining financing ing and utility classifications were prime subjects of the an an- an annual nual Imal meeting of the Utah Rural Electric Association held in Moab Thursday of last week It is expected that the Nation al Rural Electric Cooperative Association will go to Congress with proposed legislation for the elimination of the REA low low- lowin in in- in interest terest money Therefore the problem of rural electric financing ing takes on paramount of im im- im importance speakers said THE PROBLEM stems from the fact that utah Rural Elec Elec- Elec Electric Associations serve a little littleover littleover over two consumers per mile of line compared to commercial utilities who average over 33 consumers per mile of line While the revenue on ana a na- na national average for rural elect elect- electrics totals but per mile of line compared to over per mile of line for commercial uti uti- uti utilities still the cost of maintenance ance for rural electrics re- re remains mains equal to that of commer commer- commercial cial utilities The Utah Rural Electrics were advised ferent costs of financing will affect rural electric service Lee Pratt attorney for the Association advised the group that with the passage of the State Legislature rural elec elec- electrics were now considered uti by the Utah Public Ser Ser Ser- Service vice Commission Under the new law said Mr Pratt both rural electric and commercial utilities will have particular areas of ser ser ser- services vices Ted Thain chief accountant for the Utah Public Serve Com Com Com- Commission mission outlined the require require- requirements ments of the Public Service Commission and their general classifications Of the ten rural electrics operating in Utah Mr Thain noted none qualified in the Class A classification of utilities earning more than 2 2 12 mill ion per year Most seven came under the Class C class of earning from to per year One rural electric operating in this state earns less than per year he said |