business

Bills Seek To Pare Cost Pass-Along

TRENTON — A package of legislation that would prevent electric utilities from passing along to customers unreasonable operating expenses is being sponsored in the legislature by Assemblyman Guy F. Muziani. The three-measure package sponsored by Muziani, R-Cape May, Cumberland, would prevent electric utilities from passing along to customers any costs stemming from the abandonment or shutdown of nuclear power plants; limit to 5 percent a year the amount of operating expenses that an electric uitlity may include in its rates; and order an Assembly panel to investigate accounting procedures used by the state Board of Public Utilities when utilities request increases in billings. "ACTIONS BY Atlantic Electric Co. that directly affect residents in southern counties prompted introduction of these measures on Sept. 9." said Muziani. "Other companies, however, do the same type of financial hocus pocus and the provisions of these two bills ( A-4032 and A -4033) and a resolution

(AR-167) would apply equally to all electric utilities doing business in New Jersey." Muziani said. "In the case of ultraexpensive new nuclear generating stations, the stockholders in a utility — in effect, the utility's owners — should bear the burden of costs for an abandoned project or a plant that is shut down," said Muziani. "These costs rightfully should not be passed along to ratepayers 1 who had no voice in the decision to build or not to build. "MEANWHILE, capping the amount of yearly operating expenses that may be included in the rate would force the management of electric utilities to consider carefully management decisions that could lead to rate increases," he cqptinued. "Right now, the utilities are virtually guaranteed of recovering the cost of their mistakes in the bills that customers must pay. "Finally, it apparently is time to call into question the way that the BPU figures what are allowable depreciation figures and energy adjustment charges." Muziani said.

75 Scholarships Valued at Million

EVANSTON - DeVry Inc. will offer 75 full-tuition scholarships at a total value of $1.1 million to 1986 high school graduates throughout the United States. According to DeVry Inc. President Philip A. Clement, each scholarship provides between $14,700 and $15,750 for application fees and tuition, and may be used toward a Bachelor of Science degree program in either electronics engineering technology or computer information systems. The scholarship can be applied at any of the nine DeVry Institutes in the United States. FINALISTS will be determined on the basis of SAT, ACT or WPCT scores WAGNER UPHOLSTERY Custom Upholstering To Fit Your Needs! Before You Buy New. Call For An Estimate! CALL 263-3422 263-3297 6604 Landis Ave.. Sea Isle City

and will be announced in April, 1986. Scholarship recipients will be chosen on the basis of those scores, high school academic achievement, extracurricular activities and an essay. Announcement of winners will be made shortly thereafter. Applications are available at the Admissions Office at each DeVry Institute and must be returned before March 21. 1986. The number of scholarships granted to each DeVry Institute will be determined by the number of applications received by that school. Each campus will have the opportunity to award at leat one scholarship to an outstanding student from the area. ALL 1986 high school graduates are eligible, with the exception of the immediate families of DeVry Inc. and Bell & Howell employees. For further information, students should contact their high school guidance counselor, or write the Office of Admissions at their local DeVry Institute. Campuses are located in Atlanta (Decatur), Chicago and Lombard (ID, Columbus, Dallas ( Irving), Kansas City (MO), Los Angeles, (City of Industry), Phoenix, and Woodbridge (NJ). Penny Party GOSHEN - Pride of the Villas Council 45, Daughters of America, will hold a Penny Party 7 p.m. Monday, Oct. 14, at Crescent Council 61 here. All are welcome.

St 1 FAREWELL — Sept. 15 was "Farewell Day" at Hunt's Pier in Wildwood and on hand was Bud Hunt. left, chairman of the board of Hunt's Theatres Inc.. and Vince Kostek, pier manager for 29 years. This could be Hunt's last official visit to the pier; negotiations are underway for its sale.

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