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...

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