Word: cisler
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Dates: during 1950-1959
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...Promise & Doubt. Target of the Reuther forces was the Power Reactor Development Co., a combine of Detroit Edison Co., 17 other private utilities and seven manufacturing firms, which will finance and operate the $45.5 million Monroe plant under the leadership of Detroit Edison President Walker Lee Cisler. P.R.D.C. is building the first commercial "fast-breeder" reactor, the type most likely to produce competitively cheap atom power, since it produces more atom fuel than it consumes. Late in 1955, the first experimental fast breeder ran out of control at the National Reactor Testing Station, melted its own fuel with more than...
...their civic work, the heaviest load inevitably falls on the president himself. Just as he has the know-how, energy and contacts to make his business succeed, so is he invaluable to civic projects. Republic Steel's President Thomas F. Patton, Detroit Edison's President Walker L. Cisler, Chairman Laurence Whittemore of New England papermaker Brown Co., give anywhere from 10% to 30% of their time to civic projects. In Los Angeles, Hardwareman-Banker Vic Carter was so busy that he either had to cut down his civic activities or his business. His choice: to sell his Builders...
...third panel will devote its time to "The Atomic Horizon in Latin America." Chairman of this group will be Walker Cisler, president of the Detroit Edison Co. and a real private-enterprise pioneer in the field of commercial atomic power. Others on this panel will be: former AECommissioner Eugene Zuckert (who will talk on atomic energy as a new potential for investment); William P. Gage, president of Grace Chemical Co. (who will speak on atomic energy and agriculture); J. Carlton Ward Jr., president of Vitro Corp. of America, and A. C. Monteith, a vice president of Westinghouse Electric Corp...
...program to lure new industry to his area, Cleveland Electric Illuminating's power sales have jumped 92%; Philadelphia Electric, a sparkplug in the industrialization of the Delaware Valley (TIME, June 8), has spent $320 million to supply 227,000 new customers; Detroit Edison, under President Walker Cisler, has doubled its investment (to $700 million) since the war, by 1956 will have increased its capacity from 1,300,000 to 3,000,000 kw. One result of such expansion: electricity is one of the few commodities that costs less now (2.76? per kw.-h.) than it did 20 years...
...cents per kw-h compared to .008 cents per kw-h for coal power. Since the return from electric sales would cut down the cost of making plutonium, the Government would get it cheaper than at present. Other businessmen, such as Detroit Edison's President Walker L. Cisler, insist that they need no Government help. As soon as Congress lets in private industry, Detroit Edison and 25 companies now joined with it in studying commercial atomic power are ready to stake upwards of $50 million to build an atomic-power plant without Government help. The use of plutonium...