The Dixon-Yates contract and its public v. private power issue landed on the floor of the House of Representatives last week and, after a noisy and bitter debate, bounced out again with an unexpectedly solid victory for President Eisenhower and for private enterprise.
At issue was a section of the TVA appropriation that would have 1) cut off the main electrical-transmission artery of the privately owned $107 million Dixon-Yates power plant at West Memphis, Ark., and 2) extended the power of the Government-owned Tennessee Valley Authority by building a rival, $100 million power plant near South Fulton, Tenn.
The provision, as drawn...
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