UTILITIES: Commutation

As a favorite whipping boy of the New and Fair Deals, the U.S. public-utility industry has endured 20 years of federal encroachment. Last week the private utilities got a reprieve from the new Republican Administration: a policy statement placing a major responsibility for new waterpower development on local and private groups (see NATIONAL AFFAIRS). The statement did not mean an end to federal competition in power, or a retreat from such massive federal developments as Bonneville and TVA. What most utility men saw in it was mainly a hope for the future,...

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