UTILITIES: The Watch Spring

When a friend warned Paul Kayser, president of El Paso Natural Gas Co., that his blistering pace would one day make him "fly apart like a watch spring," the 68-year-old Kayser coolly replied: "Hell, when I die I'll run 15 years on momentum."

Last week Paul Kayser increased his prehumous momentum. The Federal Power Commission authorized El Paso to go into a $194 million expansion program, including construction of a 413-mile pipeline from Colorado and New Mexico's San Juan Basin to the Arizona-California border. The program will increase the El Paso system...

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