Redevelopment of Alabama Power Company´s Lay Dam

Many electric utilities which operate combined steam and hydroelectric generating systems are becoming increasingly aware, as a result of recent system split-ups, of the value of hydro plants, not only to supply costly peaking power requirements but as spinning reserve for protection during such major system disturbances. These utilities are also becoming increasingly concerned about the future availability of such older hydro plants as the time approaches when the initial licenses issued by the Federal Power Commission under the Federal Power Act of 1920 will begin to expire.