UTILITIES: Priest Rapids Pact

In a Wall Street office last week, two shirtsleeved Washington State wheat farmers tackled a heroic task in a historic cause. As commissioners of Grant County's tiny (12,805 customers) Public Utility District No. 2, the farmers started signing their names 166,000 times on revenue bonds that will set in motion the nation's third biggest hydroelectric development (after Grand Coulee and Hoover Dams). It will be the first to be built under President Eisenhower's policy of power partnership between private and public utilities. The project: Columbia River dams and power plants at Priest Rapids and...

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