Pacific service magazine . sts tobe like any giant hitherto known, havingits only realism as a bogey, as entertain-ment for children, or as a side show forthe political circus. However, the prac-tical everyday fact is that all this devc;iop-ment is simply a centralization of powerhouses and interconnection of distributingsystems. We had better stick to our en-gineering terms to describe what the thingreally is—Central Generation and Inter-connection of Distribution Systems. Ifanybody can find evil or humor or poetryin these terms, he will need to be ingen-ious. Mr. Hoover assured his hearers t
Pacific service magazine . sts tobe like any giant hitherto known, havingits only realism as a bogey, as entertain-ment for children, or as a side show forthe political circus. However, the prac-tical everyday fact is that all this devc;iop-ment is simply a centralization of powerhouses and interconnection of distributingsystems. We had better stick to our en-gineering terms to describe what the thingreally is—Central Generation and Inter-connection of Distribution Systems. Ifanybody can find evil or humor or poetryin these terms, he will need to be ingen-ious. Mr. Hoover assured his hearers that cen-tral generation and interconnection do notin any way alter the essential character ofregulation. During the past year, hesaid, The Department of Commerce hasbeen engaged upon a study of the effective-ness and the results of state regulation ofthe industry. It is scarcely necessary forme to say that there is either state or mu-nicipal regulation of the rates of electricalutilities in all but two of the states, and. United States Secretary of Commerce Herbert Hoover, who delivered an important address on Regulation of service in all but five of the states. Thefinancial operations of such utilities aresupervised and controlled in a large ma-jority of states. These principles are beingrapidly extended over the few remainingstates. No one can survey the work of thestate commissions and the instructive seriesof court decisions concerning their rulingas a whole without realizing that we aregradually developing a science of regula-tion and of understanding, on one hand,of the means of drawing the fine line be-tween minimum rates to the people and, onthe other hand, of such a reasonable profitto the industry as will stimulate its ad-vancement. It is my belief from this investigationthat the public service commissions withvery little just criticism are proving them-selves fully adequate to control the situa-tion. The laws as written in the statestatute books are sufficient to p
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Keywords: ., bookcentury1900, bookdecade1910, bookidpacificservi, bookyear1912
