POWER: Olds Aims High

Federal Power Commission Chairman Leland Olds bounced out of a one-hour confab with President Roosevelt and Secretary Ickes one noon last week to announce the biggest expansion of U.S. power capacity ever heard of. Dimensions: five years, $2,350,000,000, 13,440,000 kw.

The 13,440,000 kw. were in addition to 6,371,000 kw. already agreed on with utilitymen (more than two-thirds private, the rest Government) and scheduled for completion by Christmas 1942. If both programs are completed, the U.S. in 1946 will have 61,450,000 kw. of installed capacity, double 1929, 47% above the 41,638,956 kw. available...

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