Franklin Roosevelt actually said...

The cost of distributing electricity to homes and farms in New York State warrants a rate schedule which would charge not more than 3 1/2¢ a kilowatt hour for a use of 50 kilowatt hours a month instead of the average of 64 which these customers are now paying.

Context

White House Statement on Distribution of Electricity by the New York Power Authority

11/11/1934

https://www.presidency.ucsb.edu...

More Franklin Roosevelt Quotes

I, Franklin D. Roosevelt, President of the United States, pursuant to the authority vested in me by title I of the National Industrial Recov...
10/19/1933
The organization should exist not for profits but for aiding the American interests which it will represent.
10/19/1933
The situation now existing in regard to foreign securities is one of substantial concern to the American people.
10/19/1933
I in no way have changed my position favoring deep waterways from the head of the Great Lakes to the mouth of the St. Lawrence.
10/18/1933

View All Franklin Roosevelt Quotes