SALE OF POWER PLANT
TENNESSEE DECISION
WASHINGTON, January 26. The TennesseeVValley Authority has announced x that in view of recent developments, it is prepared to. negotiate with private utility companies for the sale, of their operating properties _to municipalities or to the'T.V.A.
The action is presumably due ,to the court decision of January.2l. . ■
The Federal District Court held that the Tennessee Valley Authority was constitutional in the case in which. eighteen south-eastern utility , companies alleged that the T.V.A. was primarily a mammoth power business. The president/of the million-dollar Commonwealth and Southern Corporation, Mr. Wendel Willkie, announced that he would appeal to the Supreme Court. : ,
President Roosevelt declared at a recent Press conference that all holding) companies must be eliminated from the . nation's economic structure, whether they are in control of public utilities, banking, or other businesses.
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Bibliographic details
Evening Post, Volume CXXV, Issue 22, 27 January 1938, Page 9
Word Count
136SALE OF POWER PLANT Evening Post, Volume CXXV, Issue 22, 27 January 1938, Page 9
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