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INCREASES WHEN ELECTRICITY
DEREGULATION GOES INTO EFFECT.
((WIPE ENG/VO))
E NO U U U SE DOWN
SI■■ATION.
CONGRESS...MOVIE MAKER STEVEN
SPIELBERG ANNOUNCES A SECOND
PREMIERE OF "AMISTAD."
(K) GOOD EVENING, I'M KAREN
ADAMS
(W) AND I'M WALTER CRYAN
. MEMBERS OF THE RHODE ISLAND
BUSINESS COMMUNITY ARE FEELING
BETRAYED TONIGHT.
((TURN KAREN))
.
MANY BUSINESS LEADERS
SUPPORTED THE DEREGULATION OF
ELECTRICITY LAST YEAR IN THE
BELIEF THEIR ELECTRIC COSTS
WOULD DROP DRAMATICALLY.
.BUT NOW THEY'RE LEARNING
THEIR RATES MAY BE HIGHER THAN
EVER BEFORE.
.ONE COMPANY SAYS ITS ELECTRIC
BILL COULD INCREAE BY A MILLION
DOLLARS NEXT YEAR.
.12 NEWS REPORTER JACK WHITE
TELLS US MANY COMPANIES ARE
PROTESTING THE POTENTIAL RATE
INCREASES.
(TAKE PGK)
(((((SNIPPET CHARBERT TAPE AT
31:54 - WE WOLD HAVE HERE AT
CHARBERT AND 11% INCREASE -
31:57))))
.
THE VICE PRESDIENT OF
OPERATIONS FOR A TEXTILE
MANUFACTURER IN RICHMOND SAYS
HE WAS ONE OF THE SUPPORTERS OR
DEREGULATION.
.12
---------------------------
31:41 - WHEN THE RESTREUCTURING
ACT TOOK PLACE IN 1996 WE WERE
UNDER THE IMPRESSION WE WOULD
SEE 31:49 - A DECREASE.
----------------------------
.20
.
BUT IN A LETTER TO THE STATE
PUBLIC UTILITIES COMMISSION,
ROWAN SAYS HIS COMPANY'S
ELECTRIC BILL WILL INCREASE BY
AT LEAST $70-THOUSAND NEXT YEAR
IF THE COMMISSION APPROVES
RATES REQUESTED BY NARRAGANSETT
ELECTRIC.
.34
----------------------------
33:51 - WE FELT COMPETION WOULD
LOWER RATESBUT THE WAY THIS ACT
IS STRUCTURED IT'S HURITGN NOT
HELPING MANUFACTURERS
34:02 - IT'S HURT IT.
------------------------
.45
--------------------------
JW BRIDGE
----------------------------
.53
----------------------------
21:51 - WE'VE GOT LETTERTS FROM
COMPANIES. THEY NEVER THPOUGHT
THERE WOULD BE 21:56 - RATE
INCREASES.
----------------------------
.59
.
A LETTER FROM TORAY PLASTICS IN
NORTH KINGSTOWN SAYS THE
COMPANY'S ELECTRIC BILL COULD
INCREASE BY A LOW OF $300,000
TO A HIGH OF ONE MILLION
DOLLARS NEXT YEAR....
.
AND A LETTER FROM ELECTRIC
BOAT'S QUONSET POINT FACILITY
SAYS THEY ARE LOOKING AT A RATE
INCREASE OF $10,000 A MONTH.
1:09
(((NAT SOUND OF HEARING)))
1:13
THE PUBLIC UTILITIES COMMISSION
IS HOLDING HEARINGS THIS WEEK
ON REQUESTS BY RHODE ISLAND'S
THREE ELECTRIC COMPANIES ON
PROPOSED RATE REDUCTIONS UNDER
THE DEREGULATION PLAN.
.RESIDENTIAL RATES COULD BE 4
TO 11 PERCENT LOWER WHEN THE
NEW RATES GO IN
C1 C2 T1 T2
C1,2
.
THE BUSINESSES ARE FACING
HIGHER BILLS BECAUSE THE
UTILITIES APPARENTLY HAVE TAKEN
AWAY SPECIAL DISCOUNTS AND
OFF-PEAK RATES.
3490 STRAND