The Independent-News, Volume 104, Number 48, Walkerton, St. Joseph County, 10 May 1979 — Page 9

GLENN GIRLS TOP ST. JOE FOR 10TH WIN The John Glenn girls track team defeated St. Joe 63-42 on Monday afternoon for their 10th win in 12 outings this season. The Glenn girls won all three relays and had a sweep in the high jump to account for the victory. The Summary 80 yard hurdles —l, Jenny Sassano (SJ); 2, Traci Florian (G); 3. Barb Mann (G). Time : 13.2 100 yard dash —l, Ruth Chamblee (SJ); 2, Tracy Kissinger (G); 3. Joanie Cebulski (SJ). Time : 12.4 Mile run —l, Julie Cline (G); 2, Leslie Grant (SJ); 3. Deb Jenney (G). Time 5:56.5 880 yard relay —l. Glenn (Patti Farrar, Tracy Kissinger, Gina Newland, Barb Mann). Time 1:57.2 440 yard dash —l, Rosalyn Christianson (SJ); 2, Traci Florian (G); 3, Kathi Ferguson (G). Time 1:07.2 440 yard relay —l, Glenn (Patti Farrar, Tracy Kissinger, Gina Newland, Barb Mann). Time :55.8 High jump —l, Barb Peacock (G); 2, tie Karla Muncie (G) and Deb Jenney (G). Height 4’7” Softball throw —l, Jeanine Jacobs (SJ); 2, Julie Cline (G); 3, Jean Olsen (SJ). Distance 150' 880 yard run —l, Julie Cline (G); 2, Jean Olsen (Sj); Fran Ashton (SJ). Time 2:39.3 220 yard dash —l, Jeanine Jacobs (SJ); 2, Patti Farrar (G); 3, Gina Newland (G). Time :29.1 Medley relay —l, Glenn (Traci Florian, Kathi Ferguson, Lisa Shields, Barb Peacock). Time 2:11.6 Long jump —l, Ruth Chamblee (SJ); 2, Gina Newland (G); 3, Patti Farrar (G). Distance 16’ Shot put —l, Barb Mann (G); 2, Cindy Szymanski (SJ); 3, Barb Peacock (G). Distance 32’ GLENN BOYS TRACK TEAM WHIPS ARGOS The Argos track team fell to John Glenn’s boys by a score of 79-48 in dual competition. Eight individual first and two relay victories sparked the Falcons. The Summary 100 yard dash —l, Parker (G); 2, Muncie (G); 3, Smith (G). Time :10.9 120 yard high hurdles —l, D. Jennings (A); 2, Bierly (G); 3, R. Need Help With A Mini-Computer? OR. RON REEO Problem Solver Solutions For Any Business Problem — Call 1-784-8232

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Miller (G). Time:l7.9 Mile run —l, Ochs (G); 2, M. Holdeman (G); 3, B. Holdeman (G). Time 5:28.3 880 yard relay —l, Glenn (D. Miller, Parker, R. Miller, Muncie). Time 1:44,7 440 yard dash —l, Cline (G); 2, Zentz (A); 3, Smith (G). Time :56.9 330 yard low hurdles —l, Jennings (A); 2, D. Miller (G); 3, R. Lowry (G). Time :45.2 880 yard run —l, Anspaugh (G); 2, Ochs (G); 3, Vanderweele (A). Time 2:18 220 yard dash —l, Muncie (G);

Let’s Talk About Capital Costs, Energy Supplies and Earnings What do utility capital costs and earnings have to do with adequate energy supplies? Actually, quite a lot. Let's look at the facts:

Utility Capital Requirements Electric utilities are more capital-intensive than any other industry, including steel and oil. They require between $3.50 and $4.00 of investment for each dollar of revenue received. Other industries require only about 75 cents of capital investment for each SI.OO of revenue. As a regulated industry, utilities are only allowed to earn a return on their investment sufficient to pay for their cost of money. This rate of return is a ceiling and not a floor. About 60 per cent of the money needed to add plant and equipment each year must be obtained from the money market through the sale of securities—stocks, bonds, debentures. etc. To meet the energy needs of consumers, utilities cannot postpone construction and replacement just because the cost of money is high. Most of the $1.9 billion NIPSCO has budgeted for new facilities in the next five years will have to be raised in the money market. And NIPSCO must pay whatever the money rates are. Our success in obtaining this money depends upon earnings since earnings determine our ability to pay our debts. If a utility’s earnings are inadequate in the eyes of the lender, money becomes hard to obtain and interest rates go up. When money is not available to build facilities, the bottom line is an inadequate supply of energy and deteriorating service. WHERE EACH NIPSCO DOLLAR CAME FROM Residential 29 3< Industrial 58 5C ./i. y I I FT X/Jhgggjf L i /a Commercial 8 9t Other 3 3C >6Reamings" or net income —is the amount of money H/rcmaining after all the expenses, interest, taxes and other costs have been deducted from the total amount received from the sale of services. The above charts show where each SI.OO of NIPSCO’s revenue came from in 1978 and how each was spent. Here in the "Workshop of America,’’ where heavy industry produces the jobs for a growing economy, industrial customers provided almost 60 cents of every dollar NIPSCO received in 1978. while residential customers provided 30 cents.

TO SERVE, WE MUST BUILD; TO BUILD, WE MUST BORROW; TO BORROW, WE MUST HAVE ADEQUATE EARNINGS. eNorbhern Indiana Public Service Company Paid for by the Stockholders of Northern Indiana Public Service Company

2, Cline (G); 3, Mechiing (A). Time :24.35 2 mile run —l, McGriff (A); 2, Paterson (A); 3, B. Holdeman (G). Time 12:12 Mile relay —l, Glenn (Smith, Fry, M. Holdeman, Anspaugh). Time 4:36 Shot put —l, Muncie (G); 2, Tuttle (A); 3, Zentz (A). Distance 45’4” Discus —l, Parker (G); 2, Zentz (A); 3, Sherwood (A). Distance 128’2” High jump —l, D. Jennings (A); 2, Ochs (G); 3, Umbaugh (A). Height 6’2”

THE INDEPENDENT-NEWS - MAY 10, 1979

Long jump — I, Zentz (A); 2, D. Jennings (A); 3. Anspaugh (G). Distance 20' I '/j ” Pole vault —l, Smith (G); 2, Dimmitt (A); 3, R. Miller (G). Height 12’ According to a study made by Dr. Harvey Lehman of the University of Ohio, the best years of an athlete's life are between ages of 27 and 29. Historians estimate some 400 women served in the Union army during the Civil War disguised as men.

Energy Supplies and Service Here in northern Indiana, the need for electric energy — both in peak demand and kilowatt-hours—is expected to grow at a rate of about six per cent per year between now and 1985. To meet present load and this growth. NIPSCO must modernize, replace and build new generating and transmission facilities. Any delay will seriously affect its ability to meet the energy needs of customers. TOTAL COMPANY MONTHLY MAXIMUM DEMAND MB I L — r— r iMB MB 1 Ml 2200 * —"TPI "" - 1200 ^^B KU) 1 kjd 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 YEAR NIPSCO believes that a shortage of electrical energy in this highly industrialized area would seriously disrupt the economic well-being of all of the people living and working here. To prevent this from happening, we must plan and build now to be ready to serve whenever and wherever required. To do this we must have sufficient eamings to attract the money necessary to enable us to build. WHERE EACH NIPSCO DOLLAR WENT Taxes 8 8t Dividends 6 3t / j x Operations and h— K li Maintenance 71C II wB’TJSRi ll interest and ML. » dr* Other Deductions 35< g fa Depreciation 5 3< s at ✓- 7 Purchased Energy 60 (K Payroll 8 8C / Retained in the Bus-nessO?C As for expenses, fuel and purchased energy take the /"Xbiggest share of NIPSCO’s revenue dollar. The next two largest items of expense are labor and taxes, with other expenditures making up the balance. From the chart showing “Where Each NIPSCO Dollar Went," you can see why we must rely so heavily upon borrowed money for new plant and equipment. Last year only two tenths of a cent from each dollar was left for reinvestment in the business.

"Truth is rarely pure and never simple."

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