Word: kilowatter
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Boss of all this public power is a grave, greying New Deal engineer named Dr. Paul J. Raver, who became BPA administrator in 1939. Dr. Raver's ambition is to put every kilowatt in the Northwest under public ownership. Backed by the White House and his two titanic dams, he has moved steadily toward this end. Said President Franklin Thomas Griffith of Portland General Electric Co.: "It is axiomatic that no private utility can compete with the Treasury...
...industrialists had carried on a sit-down strike that, if continued, would bring the U. S. to a ruin like France's, or at least to a brink like Britain's. They pointed to Passamaquoddy's untimely death at the hands of economy, when now every kilowatt of possible power in the U. S. is needed, and more. Some in their ranks were simple power seekers, some were sincere...
...sellers of electricity, despite their owners' troubles, had another record year. Total kilowatt-hour sales were 11% over 1939; industrial sales were up 16½%, rising weekly. The industry spent more money on new capacity ($580,000,000) than in any year since 1930 ($919,000,000), increasing its installed kilowatts by 1,380,000 net to 40,330,000. It also planned 6,076,000 new kilowatts for 1941 and 1942. The defense-conscious Federal Power Commission wanted them to up that by 1,500,000 kw. But the question was whether Westinghouse and General Electric, already swamped...
...president, grey-haired, publicity-shy Harry John Bauer, 57, looks like Will Rogers (was once mistaken for him on a train). He believes lower rates mean bigger revenues, has cut his residential rate 2? to 3.76? per kilowatt-hour (national average 3.91?) in the last five years, boosted revenues over 20% in the process...
...oversubscribed in less than two hours (TIME, April 15). Last week came the second. The issuer: West Penn Power Co., biggest operating subsidiary of American Water Works & Electric. The amount: $4,000,000 (160,000 shares), coupled with $3,500,000 in bonds. The purpose: a new 60,000-kilowatt steam generator in Windsor, Ohio. As with the Indianapolis issue, the public gobbled...