Abstract

Editorial Paragraphs
July 24, 1929 issue

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According to the Boulder Dam act, which passed Congress in the U.S. after it had been emasculated by pressure from the power lobby, the whole question of private or public ownership of the power plants at Boulder Dam was left to the discretion of the Secretary of the Interior, an abdication of authority by Congress which in the circumstances was astounding. The taxpayers will finance the construction of the dam and private enterprise will get its most profitable product. The power interests get their reward in a policy which favors private enterprise, and the consumers lose the valuable yardstick which a publicly owned power plant would have provided for measuring the justice of electric rates charged by private companies.

See Also:

DAMS; POWER resources; BILLS, Legislative; ELECTRIC utilities; PUBLIC companies; UNITED States
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