Word: public
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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...
Private vs. public Companies...
This brings into focus clearer than ever the question of What should be the relation between private and public companies. Each group is very vociferous in defending its side of the problem...
...other side, the utilities argue that the lower rates are a sham. Private companies pay 16 percent taxes while public ones pay six or seven percent in lieu of taxes. Public plants can also obtain finances at a low interest rate from the REA while the private company must go to the money market. This last argument has less 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...