Word: powermen
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...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...
Watching the Oklahoma-Notre Dame game, a press-box wag remarked: "The turning point was the kickoff." Outraged because the nation's football .writers had demoted them to second place (after Michigan State) in the national rankings, Oklahoma's powermen were out to top the 47-14 beating Notre Dame had taken from State. They did. The big, mobile line smothered Quarterback Paul Hornung's passes, jarred the runners loose from the ball. Senior Halfback Tommy McDonald, who runs split T's run-or-pass option play with more skill than any back in the nation...
...harness the Columbia River and produce 3,000,000 kw. of power for industrial expansion. In the next 20 years the Northwest will need up to 9,000,000 kw. more, costing from $3.5 to $7 billion. But because of wrangling and bitter competition between public and private powermen, only three big dams are currently under construction, and no new dams have been started since 1952. The Longview, Wash. News put it bluntly: "The Northwest power situation is in a chaotic state. Almost anything would be better than what we are trying to get along with...
Last week Northwest powermen thought they had one answer to the problem. They proposed a huge, international program that could serve as a model for developing the entire Columbia Basin. The project: a dam and power network at Mica Creek, B.C. (see map) that would back up twice as much water as Grand Coulee Dam, serve Canada and the U.S. with a whopping 3,000,000 kw. of new power...