CBS Evening News for Tuesday, Jul 27, 1976
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(Studio) Federal Power Commission raises natural gas prices. Legal challenges underway.
REPORTER: Roger Mudd
(DC) New price ceilings take effect now. Ruling designed to encourage production and export of more gas across state lines to head off shortages. [Vice President American Gas Association George LAWRENCE - says price rise to have modest impact.] Chart shows estimated homeowner annual increases in Ohio, Illinois, Pennsylvania, California, New York and Florida. Consumer and labor groups to seek court order to block ruling. [Consumer Federal of American Lee WHITE - notes what increase means to consumers.] Representative John Moss says ruling is outrage and ripoff and plans hearings on its validity.
REPORTER: Nelson Benton
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