Nailing the Utility Lie

November 1940
New Republic;11/4/40, Vol. 103 Issue 19, p616
Explains reasons as why TVA and other publicly owned systems are not taxed and pay no interests. View against the unfair competition faced by private companies with public-power systems; Analysis of Gordon R. Clapp, general manager of the TVA, regarding various consequences if tax imposed on TVA; View that TVA has no legal authorization to pay interests; Estimation of annual depreciation costs accrued to TVA, revealed by David E. Lilienthal, director of the TVA; Argument pertaining to the subsidization of publicly owned systems and their working efficiency.


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