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Title: Fleet Leasing: Fleet Financing
Author: Richard A. Yorks
Source: American Gas Association 1979
Year Published: 1979
Abstract: The first electric utility fleet leasing program was instituted nearly 25 years ago. Today, more than 40 percent of major electric utilities and a substantial group of gas distribution companies lease all or a major portion of their vehicle fleets. During 1977, 47 of the 120 largest U.S. electric utilities paid 77 million in rentals for automotive and mobile equipment to 36 differeni lessors. Is there a common denominator among those utilities who lease fleet as opposed to those who do not? Not really, but we can generalize to an extent. First, geographically - utilities located in every state east of the Mississippi except Kentucky, Tennessee and Florida lease fleet. Leasing is prevalent in Ihe South Central states, but not the North Central states. Not many utilities in Southwest and Mountain states lease fleet, bul many West Coast utilities do, A second attribute of those electric utilities who lease fleet as opposed to those who do not is that they tend to be larger.

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