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Show HERE IS TRUTH ABOUT MUNICIPAL OWNERSHIP The Tacoma municipal electric plant is famous throughout through-out the country as having the lowest electric rates in America. The average rate is .65 per kwh just a little less than 2-3 of a cent. The average residential rate is 1.28c per kwh: commercial 1.17c, industrial 0.43c. With these lowest rates in America the municipal light plant of Tacoma is paying all costs of operation, capital charges, taxes, depreciation, etc., and made in 1941 a net profit of $1,259,885. That is a dividend of $11.50 for every man, woman, and child in the city. Meanwhile the city is paying for a $33,894,987 public utility property of which all but $6,792,000 is paid for. The total "earned surplus" is $18,850,691. The Tacoma municipal plant was started in 1893 50 years ago. |
