Of current interest

“To provide adequate power supply for the Defense program in 1943, 1944, 1945, and 1946,” the Federal Power Commission presented to the President in July a program calling for the installation of nearly 13,500,-000 kw of new generating capacity over the four-year period. The Commission recommends that a subsidiary of the Reconstruction Finance Corporation be set up to place and finance orders for the necessary generating equipment. The 13,500,000 kw of new generating capacity is divided roughly into 8,600,000 kw for steam, chiefly for private companies, and 4,900,000 kw for hydroelectric power, mostly government-owned, 900,000 kw of which is assigned to the St. Lawrence Seaway project. Presented with the report was a tentative list of projects, a summary of which appears in the accompanying tabulation.