Concern Over Electric Utility Tremds
The nation's public utilities, traditional pillars of the national economy, suddenly find themselves facing an uncertain future. It is a future fraught with hazard for the utility companies and for the public they serve. At stake may be the very survival of the utilities, at least in their present form. Without some fundamental changes, most experts believe, the nation's utilities will continue to be plagued by cash shortages, construction delays and stockholder unrest, while the general public will be confronted with ever-costlier utility bills, more frequent power blackouts or brownouts and other potential disruptions in vital services.
Of all the utilities, the electric power industry is the most troubled today, but it cannot be said to typify the nation's utilities. The ...