Newspaper Archive of
The Hinton News
Hinton, West Virginia
October 21, 1981     The Hinton News
PAGE 10     (10 of 10 available)        PREVIOUS     NEXT      Full Size Image
PAGE 10     (10 of 10 available)        PREVIOUS     NEXT      Full Size Image
October 21, 1981

Newspaper Archive of The Hinton News produced by SmallTownPapers, Inc.
Website © 2019. All content copyrighted. Copyright Information.     Terms Of Use.     Request Content Removal.

m 10 - Hinton News Wed. Oct. 21, 1981 Special Photography- Art Exh00'bi't Virginia Electric and Power" ought on line in the same year. ComvanvvcesidentWllliam W, Regulation of the existing Berry called for an end to monopoly system not only has To Be Disprayed BerryCalls For An End To Monopolies Thelifestyles, history and art returned over and over again to "Two maJorcurrentsinart of West Virginia may be gl- the oldest ones. The pictures are expressed", he said, " the failed to create incentives for cost control and price restraint, Berry said, it discourages innovations that could lead to cost benefits. "The regulatory system", he said, " deprives utility mann- gets of the opportunity to in- crease market shares and pro- fits through cost saving inno- vations. But it holds over their heads the possibility that op- erating failures may be blamed on ' Management mistakes' and taken out of the hide of the stockholders under such a syst- em, managers have an incent- ive to avoid the risks of te- chnological and service inno- vations. "Utilities are certainly not mismanaged today," Berry said, " but managers must make choices within a regul- atory system that does not offer the incentives of a competitive system." While it discourages innov- ation, regulation also is failing to provide adequate returns for investors that are necessary to insure reliable energy supplies in the future, Berry said. Inadequate return on their utility business, Berry said, already has proven to be an effective incentive to some ut- ilities to diversify into other areas and then spin off their utility business. " The utilities will suffer whatever fate be- falls them in an unchanged regulatory setting while their erstwhile parents go on to bigger and better things," he said. Berry said that diversificat- ion may restore the financial health of individual companies, but is not the answer to the question," of how America will get the electricity it needs for growth and higher standards of living and get it efficiently and reliably". He added, " I think that answer lies in competition i, Berry said that one essential ingredient of a competitive sy- stem for electric power gener- ation would be equal tax tre- atment for all participants. " Competition based on economic performance can occur only if there is a level playing field," he said. " That means gover- nment subsidies through tax exemption and preferential fi- nancing must end. They are not necessary and are not good public policy." The VEPCO president point- ed out that there no longer are technological reasons for main- taining a system of power generation monopolies. " Ad- vances in power transmission have made competition am,rag independent generatol.,, possi- ble", he said, " and .he def- iciencies of regulation, make competition highly desirable." Berry said the transmission echnology is in place to per- mit the operation of regional energy brokers who would own transmission lines and make both long and short term con- tracts for delivery of energy from competing generating companies to distribution com- panies that would remain under tate regulation. The VEPCO president noted at some regulatory impro- vements have been made in the system of monopolies that generate the nation's electric- ity. He said it should be re- placed by a free market system of generating companies com- . peting for business on a price basis through regional energy exchanges. Berry is the first president of a major utility publicly to en- dorse a freely competitive sy- stem for providing for the nation's electric energy needs. In recent months, he has been a leading participant in informal discussions among business ec- onomists, regulators and indus- try executives on ways to im- prove on the system of regul- ated monopolies that generate electric power, j Berry made his' proposal in a speech to financial analysts and utility executives attending the Fall Financial Conference of the Edison Electric Institute in Palm Beach, Fla. In his speech Berry said competition among gener- ating companies will benefit consumers. "Competition in power gener- ation will mean that electricity shortages will be averted and that in the longer term rates will be lower than they. would be under regulation," he said. However, he added, compet- ilion will produce a short term price increase because the marketplace will demand a competitive return on the in- vestment of stockholders, who no longer will subsidize prices through controlled rates of return below market levels. Berry listed five major bene- fits of competition: 1. Utilities will be able to build less capacity than needed under a system of regulated, protected markets. 2. The competitive market will assure that new capacity is built by those who can do it most efficiently. 3. Regional energy exchanges transmitting power from com- peting generating companies will make the best use of existing capacity. 4. By pricing electricity at its true competitive costs, energy customers will be told through the pricing system when it is to their benefit to increase or decrease use of electrical en- ergy. 5. The competitive pricing sy- stem will provide incentives for everyday operating efficiencies that are largely lacking under regulation. Berry said that the existing system of regulated monopolies stifles innovation, fosters in- efficiency and results in wide disparities in business cost and rates to customers. He pointed out that the pres- ent system of regulation and government subsidies for ut- ility monopolies permits a nat- tonal price range of 800 percent for the same product - elect- ric energy - which, he said, is like charging " 50 cents for a loaf of bread in Seattle, $2 in San Antonio and $4 in New York." He also cited a recent in- dustry survey showing that some utility companies now pay up to three times as much as others to construct new electric generating capacity br- Committee To Meet The committee members are meeting to discuss cost contain- ment measures proposed to hold back rising costs of the Medicaid Program. The meeting is open to the public, The West Virginia Depart- ment of Welfare Medical Ser- vices Fund Advisory Commi- ttee will meet at 2 p.m, on November ll in the Commiss- ioners' Conference Boom, sixth floor, Building Six, at the State Capitol in Charleston. I I I i I Illl Ii I ii NOTICE Every Thursday 00HEARIN6 AID SERVICES located in Summers County Community Clinic .. opccated by Mo,anUiin  te Net/ring Aid Center which has been larv|ng the hard of heating let 2"/ years in 8athem Well Vh'gtmh= PROViDIHG THESE SERVICES some states, but he said he believes the limits of regula- tory reform will fall short of producing the benefits that would flow from competition. "I think it's time to get out from under a regulatory system that hasn't been work- ing, isn't likely to work and would not serve the public interest as well as competition if it did work." Berry stressed that the ad- vantages of a competitive po- wer generating system will not be limited to the list of major benefits he cited. "The market system encourages a constant search for new and better ways of doing business. That is its genius. And it will produce efficiencies and benefits that no one can fully foresee," he said. "Surely 200 years of econom- ic analysis and practical ex- perience tell us that compet- ition, whenever it is possible, serves the interest  society far better than government control. I think this places the burden of proof not on those who advocate competition, but rather on the prop, .ents of continued regulation. So, to those in our industry and in government who share the goal of increased efficiency, econ- omy and reliability in the gen- eration of electrical energy, I say, " why not competition ?" Talcott Area News News From The Week of October 14, 1981 Mr. and Mrs. Kenneth Nun- ally of Charleston visited Pas- tor Jim Edd Bailey over the weekend. Pastor and Mrs. Harold Sw- ecker and children of Durbin visited Mrs. Annie Lows and Mr. and Mrs. E.L. Chattin Saturday. Mr. and Mrs. C.P. Talbott visited John Small who is a patient in the University Hos- pital in Charlottesville, Virgin- ia for the weekend. He is reported to be in a serious condition and has had open heart surgery. His brother Paul Small and wife of Louis- iana have been by his bedside constantly. Mrs. Nadine Carter is a patient in the Alleghany Reg- ional Hospital in Lomoor, Va. Mrs. Mamie Chattin remains a patient in the Summers Co- unty Hospital and her condit- ion is slightly improved. W:R. Spenee has returned to his home after visiting his daughter and son - in - law, Mr. and Mrs Gene Newall in Clarksburg and also attending the Forest Festival in Eikins. Mrs. Mary Willey of Oak Hill visited Mr. and Mrs. E.L. Cha- ttin recently. Talcott News Mrs. Nadine Carter has re- turned to her home after be- ing a patient in the Allegh- aney Regional Hospital in Lo- wmoor, Virginia. Mr. and Mrs. Richard Dam- eron and children and Mrs. Louise Dameron of Worthingt- on, Ky. visited Miss Letha and Hazel Hodge recently. Recent visitors in the home of Mr. and Mrs. Garnett Kittin- ger were Mr. and Mrs. Char- les Deitz of Columbus, Ohio and Mr. and Mrs. Fred Hanson of New Mexico. Recent visitors in the home of Mrs. Florence Mann were : Mr. and Mrs. Howard Bostic of Boomer, Mr. and Mrs. Mike Bostic, and children of Ansted, and Mr. and Mrs. Gary Hale and baby of Alderson. Mr. and Mrs. Bernard Bos- tic of South Charleston spent the weekend at their home here. Mr. and Mrs. Kenneth Nun- ally of Charleston visited Pas- tor Jim Edd Bailey over the weekend. Mr. and Mrs. C.P. Talbott, Mr. and Mrs. Larry Lilly and daughter Stacy visited John Small a patient in the Univ- ersity Hospital in Charlottes- ville, Virginia Sunday and re- port him as slightly improv- ed. Mrs. Seibert E. Wets has returned home from a months trip to Illinois and Ohio. Wh- ile in Illinois she attended ,the weddin of her ='rand daughter. Beverley Jo Blake to Mr. Kurt Gimbler. She also visited her daughter and son - in - law, Mr. and Mrs. Samuel Blake of Glendale Hei- ghts Illinois and Mr. and Mrs. Seibert Ray Wets of Genoa Illinois. On the way home she stopped for a weeks visit with her daughter and son - in - law, Mr. and Mrs. Glenn Murphy of Grovepert, Ohio. impsed in a special photogr- aphy - art exhibit to be dis- played from Oct. 13 - 31 in the West Virginia University Mo- untainlair Gallery. The show, to include about 50 works, is 'drawn from photog- raphs in the West Virginia and Regional History Collection of the WVU Library, and from paintings in the University's Permanent Art Collection maintained by the division of art. Works in the exhibit, a spec- ial feature of Homecoming Week ( Oct. 11 - 17), range from the late 19th to the 20th cent- ury. Peter Gottlieb, associate cur- ator of the collection, said photographs were chosen from some 1,200 glass plates and negatives reproduced so far this year under a grant from the National Historic Publicat- ions and Records Commission. "These photographs show West Virginians in their daily activities, both individually and in groups, from about 1880 to 1930", Dr. Gottleib said. They are particularly good on rural and farm life." Gottlieb said about 100,000 pictures, negatives and glass plates-- many irreplaceable and chemically deteriorating -- are included in the collection. He said the most important phot ()graphs, from various gifts to the library, are being sorted out and copied by Mary Mark- ey, a historic photography pr- eservat!on specialist, with help from David Cox, a visual art senior from Madison. Consult- ant on the exhibit and overall project is L. Victor Haines, director of WVU photographic services who collaborated with Gottlieb to arrange for the preservation effort. "'Most of these photographs wouldn't bring high prices on the open market", Gottlieb said " though some of them are very good aesthetically. They are valuable for the historical information they contain -- in large part about the average West Virginian going about making - a - living type of activity. But to us that is what makes them valuable." According to Ms. Markey, many of the photographs in the exhibit were the work of W. E. Rumsey and Fred Brooks of the WVU Agriculture Experiment Station and have never been seen by the general public. The exhibit also includes pr- ints from such noted West Virgini photographs as the Loaf and Foreman studios of Grafton. Scott Gibson of Mor- gantown and Arch Ellis of Jackson's Mill. "It was difficult for us to decide what photos to select," she added. " But it seemed we include vaudeville performers, miners, camping trips, rural scenes and the like. They show life in West Virginia over a 40 or 5O year span." J. Bernard Schultz of the division of art said paintings in the exhibit focus on art of the 20th century. Cubism of Blanche Lazzel!, a Morgantbwn native who earned international acclaim, and the Expressionism of Alvena Sock- ar, an artist who used West Virginia subjects in many of her paintings. These artists rank just below Picasso and Van Gogh in stature)' SEAFOOD PLATTER only thru Oct. 31 Long John Silver's brings it on... with our Seafood Platted You get our crispy North Atlantic fish fillet, two big shrimp and two tender scallops, with golden fryes, fresh cole slaw and two crunchy hushpupples! It's a great meal, now at a special price! Enjoy it with an icy cold Coca-Cola. , Tasting Evaluation A. Smlce tad telaits , Heating aids and batteries. , UMW Cauls Homed Every Thursday Morning from 9:00 to 12:30 or information or appointment Call 488-4/9/or 466-1000 Ext. 238 Eveff ,Thursday I IJ I I Others whose work will be shown include James Davis, a former Clarkaburg resident.' who created paintings for the Works Progress Administrat- ion t W.P.A.) during the De- pression; John Clarkson, form- er chairman of the WVU div- ision of art: and Ben Freed- man. a university professor of art. Ilistoric photographs from the West Virginia and Regional Iiistory Collection and paintings from West Virginia University's Permanent Coll- ection will be exhibited from Oct. 13 - 3! in the WVU Mountainlair Gallery. The exhibit will focus on works of the late 19th to mid - 20th century. 209 Temple St. Hinton W. Va. - STORE HOURS- 0:30-5:00 Mon.-Sat. OUR IlCOll We're closing our doors...but before we do, you're invited to come in and take advantage of tremendous, storewide price reductions. You'll save as never before on our huge selection of top-quality merchandise for home and family. Everything must be sold. No refunds or exchanges. Hurry, while quantities last. We've enjoyed serving you...and once again, we'd like to thank you for shopping Murphy's. ,ell FI00! i