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Bumpers, who was in the Boston area for a meeting of the executive committee of the National Governors Conference, spoke about the AP&L project following a seminar on southern politics...
Harvard owns 561,000 shares of stock in Middle South Utilities Inc., the holding company which owns AP&L, and is the utility system's largest single stockholder...
Power generated by the proposed AP&L plant would be distributed among Middle South's five other utilities. Asked whether he would accept a reduction in Arkansas's air quality to supply other states with power, Bumpers said, "We are now a consuming, rather than a producing state. You can't have your cake...
...history suggests that the first possibility is a pipe dream. When Harvard was asked to divest itself of Gulf Oil stock two years ago, the University said it preferred to hold onto its shares in order to maintain influence over Gulf's actions. The University could conceivably demand that AP&L install the safeguards, but if AP&L refuses, Harvard will lose its bluff...
...also unsure about the power plant. The Arkansas Department of Planning has said that the plant could "possibily be the worst single source of air pollution in the world." The Arkansas Public Service Commission (PSC), which must license the proposed plant, submitted a list of 30 questions to AP&L after it found the Environmental Impact Statement on the plant deficient...