UTILITIES: Feeding a Giant

When the Atomic Energy Commission estimated the power requirements of its new $1.2 billion atomic bomb plant in Pike County, Ohio (TIME, Aug. 25), it seemed too big a job for private industry. More electrical energy would be needed than is used by New York City. But when AEC asked 15 private power companies to join forces to build and run the new generating facilities, they jumped at the chance. Last week their Ohio Valley Electric Corp. filed a proposal with the SEC to sell $420 million in bonds and notes, one of the biggest private utility financings of...

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