Word: powerman
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Unlike his namesake in the steel industry (see p. 69), Powerman Olds has been predicting a shortage all along. Last December FPC forecast that the U.S. defense program would run into a 1,500,000-kilowatt power shortage in 1942. Even after substantial capacity expansions had been planned, its March estimate was an 800,000-kilowatt shortage next year. Now even more power-consuming aluminum plants are planned for defense (see p. 20). Droughts or no droughts, it looked last week as if the next big defense bottleneck might be power...
With the loss of Eugene, Powerman Raver began to turn his interest from PUDs and Municipals to industrial customers. On that front he had better luck. The luck: defense expansion, which found BPA (unlike most private utilities) with plenty of firm power to spare. First, he got Aluminum Co. to build a new plant in Vancouver; soon he lured other new industries to the quiet Columbia Valley. BPA, thanks to its industrial clients, now has contracts (of varying length) totaling well over...
Last week, at Consolidated's annual stockholders' meeting, Powerman Carlisle got his answer. It came from 32,000 stockholders, holding some 30% of the utility's 13,655,617 shares outstanding, who replied to his query. Their vote: for competitive bidding, 11%; against...
Many an industrialist and executive applauded these words-but not all. Potent Powerman Wendell Willkie (Commonwealth & Southern) proceeded to hop on Mr. Dies with both feet. Mr. Willkie observed that when Congressional committees were harrying him and his fellow businessmen, he had kept mum lest he be accused of self-interest. But, said he, "Obviously the men under investigation now [by Dies] are men of completely contrary belief to mine. . . . The democratic process cannot go on and will be gradually undermined if men can be put on the witness stand without protection of counsel and without any adequate opportunity...
...PWTA funds. Mightily pleased, on the other hand, was Price Campbell, publicity-wise president of West Texas Utilities Co. which stands to lose a 200-mile circle of its power customers to the Authority. President Campbell thought he had found a good demonstration of an old powerman's axiom: That power generation and flood control are conflicting purposes, because an empty dam cannot run generators and a full dam cannot store flood waters...