Business & Finance: A Larger Largest

The largest power pool of a fortnight ago, last week became a part of a larger largest power pool. A fortnight ago Thomas N. Carter of Public Service Gas & Electric Co. of New Jersey announced the merger of his company with Philadelphia Electric Co. and Pennsylvania & Light Co. (TIME, Sept. 26). Their transmission lines of 208 miles represented the largest linkage yet. Last week directors of the company of which Mr. Carter's is a subsubsidiary—United Gas Improvement*—agreed with directors of the Philadelphia Electric Co. (already a part of the earlier merger) to pool...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!