Word: powerfully
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Dates: during 1940-1949
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...favor of greatly increasing public power is the undeniable argument that publicly-produced electricity is cheaper. The social benefits of more electricity and cheap electricity are obvious...
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...
...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...
...actual results of the government's power programs have been to increase the country's capacity and to bring this new electricity to areas which had inadequate power or no power at all. The reduced rates also proved the elasticity of demand for electricity. Private companies, who complained that they were being undersold, reduced their prices and found that they made more money...
Although the present picture in power is one of a mixed economy, it is hard to tell if it can remain mixed. The rapidly expanding public sphere has at its disposal all the weapons of large monopoly and can drive out private companies whenever they compete. Some say that this is good, for public power is always cheap. Others say that this cheapness is a farce and the people will not notice it until it is too late. The former favor unrestricted increase in public power operations. The latter propose a limitation on federal projects so that the areas...