UTILITIES: Private Power Wins

In a fight between public and private power on two Southern projects, private power scored two notable victories last week. In the first project. Congress approved a plan to let a private company take over power development on Alabama's Coosa River, once ticketed for a public-power project. In the second, President Eisenhower directed the Atomic Energy Commission to buy its additional power in the South from private sources, and ruled against expansion of the Tennessee Valley Authority to meet AEC's added power demands.

On to Coosa. The Coosa River project was a clear-cut case for private enterprise.

Under 1945 legislation, Congress...

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