Word: niagara
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...ends, United Corp. has been buying Consolidated Gas of New York in the open market, is reported anxious to add to its large holdings of Public Service of New Jersey (which UGI also has). Other companies in the Morgan group which may soon take part in similar developments are Niagara Hudson Power, Commonwealth & Southern. Less closely affiliated but considered sure to enter any new alignment is Consolidated Gas of Baltimore. American Superpower, through large investments in United Corp. and Commonwealth & Southern is linked with the situation, as is Electric Bond & Share. Probably never before have merger-mongers been given such...
...made seemed to refute the argument (heard in many anti-utility quarters) that Canadians get power cheaper. Briefly he showed that in 1928, the last year for which figures are available, the Hydroelectric Commission of Ontario sold 3,061,000,000 kwh. for $32,431,000 while the Buffalo, Niagara & Eastern companies, within Niagara Hudson's system, although generating 20% by steam, sold 4,436,000,000 kwh. for $32,911,000, and paid $4,546,000 in taxes whereas the Ontario system had practically no expense under this item. Concluded Mr. Carlisle, "If our companies were relieved...
...mail of New York's utility-baiting Governor Franklin Delano Roosevelt there rested last week an open letter from Floyd Leslie Carlisle, Chairman of Niagara Hudson Power Corp., largest U. S. electrical power system. In it onetime Cornell-Debater Carlisle answered a recent radio speech by the Governor...
Equally positive was Mr. Carlisle in his refutation of the Governor's statement that a Buffalo consumer would be charged $7.90 for what a Niagara Falls consumer could get for a paltry $5.53. "I hope you will check and correct these errors," said Mr. Carlisle, then adding, with humor perhaps gained when he practiced law in northern New York, "The rates are on file with the Public Service Commission in Albany and can be checked, of course...
...again was head of a syndicate, this time to buy Northern New York Utilities, Inc., of which he was made chairman. For the past ten years he has gained fame as a dynamo in the electrical field, has also remained the head of St. Regis Paper which now is Niagara Hudson's largest stockholder with 16.6% of the 25,595.000 shares outstanding...