Word: kilowatt-hours
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...since then Con Ed's situation has brightened considerably. The company now operates on a comfortable profit margin, thanks to $678 million in rate increases won in the past 2% years. (Con Ed's electricity rate, now 10.10 per kilowatt-hour, has doubled since 1972 and is 17% above the national average.) More important, the $600 million brought in by sale of the two generating plants eliminated the need to borrow for improvements for some time. The $1 billion or so that the company plans to spend on new plant and equipment over the next three years will...
...proposal to establish a uniform per kilowatt-hour rate for all users of electricity, one of three placed on the November 2 Massachusetts ballot on Wednesday, could lead to a tuition hike for Harvard students if voters approve the measure...
...proposals is to force industry to pay the full social cost that its production entails. Businessmen worry that Government may force them to spend so much so quickly that it might impair the financial health of some companies. For a while at least, a ton of steel or a kilowatt-hour of power will probably cost consumers more if the manufacturing process avoids pollution. On the other hand, makers of anti-pollution equipment may well enjoy a bonanza (see following story). There may be fewer autos in cities but more mass transit...
...with natural gas and coal. While the original atomic-power plants generated 60,000 kilowatts at a cost of eight mills per kilowatt-hour-v. four mills for power from coal and gas installations-new million-kilowatt plants may even undercut the costs of conventional electricity. Each of the Tennessee Valley Authority's two new 1,065,000 kilowatt private nuclear-power plants, to be built at Brown's Ferry, Ala., is expected to produce electricity at a cost of only 31 mills per kilowatt-hour. The new competitiveness of the atom, says one Government scientist, has "really...
...lower-cost uranium has not only made nuclear power competitive with conventional power but made it the cheapest of all available forms of electricity in many parts of Europe. German power experts calculate that a large modern nuclear plant can churn up power for 6 to 61 mills per kilowatt-hour v. 71 to 9 mills for an equivalent coal plant. Hydroelectric power is cheaper than both, but is not widely available. Switzerland and Sweden are opting for nuclear power because they are running out of water sources...