Business: Private Power Victory

Last week once again President Kennedy showed himself more conservative than many businessmen had expected. This time the issue was public v. private power in the 1,100,000-kw. five-state Upper Colorado River Storage Project.

When Kennedy was elected, most private power champions feared the worst. In its last days in office, the Eisenhower Administration decreed that the Government would build the Upper Colorado power transmission lines, presumably because it believed that the Kennedy Administration would ultimately do so anyhow. But last week that decision was surprisingly reversed by Interior Secretary Stewart Udall. He announced that many of the lines would be built and...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!