Word: dam
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Dates: during 1940-1949
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...Force Base at Dayton, he demonstrated his capabilities as a pilot by flying a 6-25 bomber on a 25-minute hop. He was still going strong, still finding the country wonderful, still looking, forward, with no perceptible glazing of the eyes, to visiting the Grand Canyon, Hoover Dam, Las Vegas, Phoenix, San Diego, Los Angeles, and Sun Valley, Idaho...
...weeks ago, a Virginia power commission received two requests for permission to build power plants. One was from a private company which wanted to build a dam; the other was from a public company that was planning a steam generating plant. Both groups are planning to serve the same area...
Public ownership of electric utilities occurs in two forms. First, there are the federally-built projects such as Hoover Dam, the TVA, and dams in Washington and California. The electricity produced by these plants is either sold to private distributors or brought to the consumer through publicly-owned lines. Secondly, there are municipally-owned power plants, mostly financed by the Rural Electrification Administration. Together, these methods produce about 20 percent of the nation's power...
Before 1933, there was a negligible amount of publicly-produced power. The Hoover Dam had been commissioned to sell falling water, not electricity, to the private utilities. Under the New Deal, public power was used to bring electricity to markets that had been ignored by the private companies. Now the Fair Deal promises to extend the field and is brushing shoulders with already established companies. In most cases, public power drives out private companies...
...market. This last argument has less significance that it used to because of the fallen interest rate. But these companies insist that the tax differential amounts to a subsidy of the public plants. Their argument is summed up in a caption that appeared under a picture of Grand Coulee dam in "Fortune"--"Grand Coulee: Its power is majestic, symbolic, and subsidized...