In Atlantic City this week, 3,000 U.S. public-utility men, members of the Edison Electric Institute, heard a prediction that sent their voltage up. In the next 20 years, estimated Elmer Lindseth, outgoing institute president,* the growing U.S. economy will require three times as much electric power as the industry's present capacity. "That," said Lindseth, "will mean raising $30 billion of capital . . . [a sum] equal to the total investment today in the nation's iron and steel, automotive, petroleum and coal industries."
Coming from anyone else, such a prophecy might well have...
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