Carrol Daily Times Herald from Carroll, Iowa on June 10, 1974 · Page 12
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Carrol Daily Times Herald from Carroll, Iowa · Page 12

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Carroll, Iowa
Issue Date:
Monday, June 10, 1974
Page:
Page 12
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Page 12 article text (OCR)

ICC Schedules Hearing on Profits of Centerville-BasedPowerFirm By Harrison Weber Iowa Daily Press Association DES MOINES - A hearing is scheduled to begin Monday in Des Moines before the Iowa Commerce Commission on the profits of the Iowa Southern Utilities Company at Centerville. The staff of the Commerce Commission contends the rates are excessive and is recommending an annual rate reduction of $2.4 million. The utility, responding to the demands of the commission staff, contends that no rate reduction is warranted. The three commerce commissioners will sit in a quasi-judicial capacity in hearing the case. Iowa Southern is the only one of the six investor-owned utility companies that has not come before the Commerce Commission seeking a rate increase. By the same token, this is the first time that the commission's staff has initiated action against a utility calling for a rollback in rates. Two years ago the commission ordered its staff to investigate Iowa Southern's financial status to see if its earnings were too high. During the interim, the commission staff and representatives of the utility have clashed on several occasions. First, during an attempt to settle the case by negotiations, and then over the availability of certain utility records. Iowa Southern's return on common equity is in the neighborhood of 14 per cent. The Iowa Commerce Commission believes it has achieved its goal, for the most part, of establishing a uniform policy among utility companies on customers' late payment charges. When the commission began looking into the matter, it discovered practices varied considerably among investor-owned gas and electric utilities, REC's, telephone companies and municipal utilities. "It was difficult for the Times Herald, Carroll, la. Monday, June 10, 1974 12 commission to justify late payment charges that were all over the map," said Commission Chairman Maurice Van Nostrand. These practices varied from imposing a late payment charge of 2 to 10 per cent and allowing anywhere from 5 to 22 days in which to pay an account before it became delinquent. Hearings held earlier this year by the commission pointed up these broad differences and a uniform policy evolved. This policy provides for a maximum late payment charge of 5 per cent with a minimum of 15 days allowed for a customer to remit payment after the billing date. It also calls for one "forgiveness" a year, so there is no late charge — one time only — if a person fails to make timely payment. As part of this uniform policy the commission has asked utilities to set up "budget payment plans" for people with low fixed incomes to have their payment periods coincide with receipt of their Social Security or retirement checks or other incomes. Van Nostrand figures the uniform policy on late payment charges that was put into effect on a temporary basis "is pretty close to what we'll end up with after we get all the data from the tariffs the companies must file." Stanley McCausland, Director of the State FOR Give him the Super-Shirt the ULTRESSA by ARROW Soft. Sumptuous. Sensational. It's 100% Dacron polyester that isn't silk, but looks and feels almost like it — yet pops into the washer and even tumble dries. You don't have to go out of your way to find a great gift. Go Arrow Ultressa, Short sleeves. FOR DESERVING DADS Gift Hits! TIE FASHIONS Select Many! $4.50 And Up Favorite sfripings, plains and prints. Of polyester, cotton ... some silk. Visit Our Gift Bar For Great And Unique Gifts For Father's Day QUINN'S •Arrow*- FROM $1.50 up Down Town - Carroll Department of General Services, hopes the two new state office buildings authorized by the Legislature will include a vertical conveyor belt for delivering mail to the various state agencies from central mail rooms. McCausland has asked the architects to look into the feasibility of incorporating such a feature into the new agriculture building and the new state office building. He envisions the mail being placed in a container and dispatched via the conveyor belt to the proper state office in the two buildings. The mail is presently hand delivered. McCausland also has plans for setting up a centralized microfilming room and copy center in each of the two new buildings. "This way," he explained, "if a department wanted to have 100 copies of a document reproduced they'd send the original to the copy center on the conveyor belt and the material would be returned the same way." He reasons that it would be more convenient and efficient. Princess a Target of Our Times By NEA-London Economist News Service The abduction of Princess Anne and her husband was stopped by the courage of those who were with them and by good luck. These are the only defenses that the royal family has against the malignant and the deranged, and unless the pleasing informality of their ways which enhances appreciation of them as a family is to be suddenly stopped, they will always be at risk. In an open society whose openness is personified by the Queen's own freedom among her subjects, the opportunities for an assailant are legion. Because the royal family is above politics, because no enemy of the state supposes that by attacking the monarch he can affect the policies of the government of the day, it has not been exposed to political assassination in the way that many presidents and prime ministers have been over the years. That protection remains: whatever murder has come out of the politics of Ireland in the past century has not so far been directed at the monarchy, although it has been thought wise not to encourage the Queen's cousin, a serving officer, to undertake a tour of duty in Ulster. The chief danger, then, has been from the madman and the anarchist. What is indicative if the temper of the present times, however, is that the possibility of a' political motive can no longer by excluded in any attack on the monarch of her family. But politics can apparently be excluded from the reasoning, if any clear reasoning there was, behind the attack on Princess Anne. It seems that the idea was, behind to get a ransom for her. Crime of this kind is imitative: it may be that it was not so much royalty of Princess Anne that made her the target as the fact that she is the daughter of a rich woman. The kidnaping of Randolph Hearst's daughter and of Paul Getty's grandson have been much in the news. It would not be at all reassuring if that were what exercised the mind of the Princess's attacker but it would make the incident more explicable. This is the age of the hijack, an age in which more sympathy than is healthy is professed for the hijackers, whether they do it for money or for politics, and is even extended to train robbers and bank robbers provided the ambition or the panache of the crime is grandoise enough. It is a familiar human failing not to be unduly perturbed about the loss of other people's money, and it is equally a failing to see the wealthy, and even the children of the wealthy, as natural targets for the predatory. The television-viewing, newspaper-reading public is so accustomed to these things around the world that it is almost more detached from them than most other societies have felt themselves to be. (c) The Economist of London

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