Word: powermen
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Dates: during 1950-1959
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...Perce, which would produce 1,672,000 kw. and store 3,900,000 acre-feet of water, also curb the flood-prone Salmon River, a wild branch of the Snake. Though FPC left Nez Perce open to private construction by Pacific Northwest Power, a four-company combine, powermen feared that such a dam would almost certainly need heavy federal financing because of its cost...
...Interior Secretary Fred Seaton, who has modified the policies of his predecessor, Douglas McKay, and quietly stolen some thunder from Northwest Democrats. Last week all eyes turned to Seaton's suggestion for a $274 million multipurpose dam at Pleasant Valley instead of at Nez Perce. FPC and many powermen have opposed it because it would be above the Salmon and Imnaha Rivers, thus store much less water than Nez Perce. It would also flood out the lowest Hells Canyon dam that Idaho Power Co. is licensed to build. But Pleasant Valley, under hard study by the Interior Department since...
When Defense Mobilizer Gordon Gray granted Idaho Power Co. a fast tax write-off on two Snake River dams (TIME, May 13), he handed public powermen and the Democrats a political grenade. Last week Democratic Senator Estes Kefauver's antitrust and monopoly subcommittee pulled...
...gave public powermen a new issue. They pointed to the case of the Northwest's Washington Water Power Co., which got a fast tax write-off on its Cabinet Gorge dam project. The company told stockholders that 71% of their most recent dividend was due to fast amortization, could be reported as a capital gain...
...long battle between public and private powermen for the right to develop Hell's Canyon finally ended. By refusing last week to review the case for public power, the U.S. Supreme Court upheld the Federal Power Commission's 1955 judgment in favor of private power. That judgment ruled in effect that private enterprise is preferable when it stands ready to serve the public interest quickly and efficiently...