Magazine content is available exclusively for TIME subscribers.GOVERNMENT: Break for Private Power
For the Northwest, where the private v. public power fight is the bitterest, Interior Secretary Douglas McKay last week made a significant decision; he gave the private companies a better break. For the first time, they were permitted to sign 20-year contracts with the Bonneville Power Administration, giving the companics long-term assurance of low-cost power from the big federal dams. For years, the private companies could get no contracts at all. Then two years ago they got to sign agreements, but only for five years.
The new contracts were further evidence of...
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