INDUSTRY: Fifty Years of AGE

The world's biggest privately owned power producer is American Gas & Electric Co., a seven-state utility network whose twelve major plants turn 10 million tons of coal a year into power for nearly 5,000,000 people from Lake Michigan to the Tennessee Valley. Last week AGE announced a program to grow still bigger; it will spend $700 million to boost its 4,000,000 kw. capacity (enough to light 7,000,000 homes for a year) by 65% in the next five years, the most ambitious five-year expansion ever tackled by a private U.S. utility. The program will give AGE more generating capacity than...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!