Corporations: Expand or Expire

As the principal purveyor of power to the nation's fastest-growing state, San Francisco's Pacific Gas & Electric Co. has to expand at full speed just to keep up. Already a giant among U.S. power utilities, it ranks first in the size of the area it covers, first in revenues (1963 earnings: $113 million on $749 million sales), and second only to New York City's Con Edison in generating capacity. P.G. & E.'s growth has been so phenomenal that the company will spend a record $255 million in 1964 on new power plants and transmission facilities. The 1964 outlay, announced last...

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