Word: aec
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Dates: during 1950-1959
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Counsel Objects. Chief objections to the deal came from the state of Tennessee and 37 municipalities and public power cooperatives, represented by onetime AEC Counsel Joseph Volpe Jr. Trying to show "interlocking relations" among utilities in violation of the Public Utility Holding Act, he cross-examined Dixon on how Dixon-Yates got the AEC...
Testified Dixon: "Last December AEC Assistant General Manager Walter Williams wrote J. B. McAfee, president of Electric Energy, Inc., which built a $197 million power plant for AEC at Joppa, ILL. for suggestions on how AEC could get more power. McAfee wrote back that he thought Electric Energy should not build another plant, instead suggested that a new company handle it. McAfee then telephoned Dixon, a vice president of Electric Energy (which is 10% owned by Middle South) and told him of AEC's need. In January or February Dixon...
...despair, his son raised $400 in California and sent it to his father. With the money Fred was able to haul 53 tons of ore down the mountain and freight it to the processing plant at Salt Lake City. After three anxious weeks, Fred heard from the AEC. In the envelope were two $6,000 checks and a top-grade assay. Fred's mine was a vein deposit of high-grade uranium ore (only one other major vein deposit-in Marysvale, Utah-is producing...
...rich man. His uranium had already brought him $125,000, and there was a lot more in old Indian Head. "There are a good many thousands of tons of proven ore in that mine," says Fred, "and the prospect of a lot more. I'm conservative, too. The AEC calls me the 'front-range pessimist' because I'm careful about the estimates." The AEC agreed. "Schwartzwalder has found one of the most significant hydrothermal-type deposits in the U.S.," said an official state ment...
...Scouts. The AEC settlement was a prime example of the way FMCS's troubleshooters head off strikes. In the past 16 months, under Director Whitley P. McCoy, 60, a former University of Alabama law professor, FMCS has handled some 21,000 disputes. Partisanship has no place in the service. McCoy, a staunch Democrat, was named to the job by President Eisenhower, and he insists that his 230 mediators be as impartial as big-league umpires. His philosophy is that the best labor-management agreements are those worked out by the parties themselves; the mediator is most useful when both...