PUF in History
From PUF Vol. 6, No. 3 | August 7, 1930
The amount of power transferred in interstate commerce is unquestionably growing.
Differ as we may on regulatory policy, we cannot deny the fact that the fraction of unregulated power moving across state lines is becoming larger. A Harvard University survey for 1926 found that 9.06 percent of all power generated in the United States moved in interstate commerce. The National Electric Light Association's survey for 1928 raised the yearly average to 10.9 percent. A recent report of the Federal Trade Commission covering the year of 1929 increased the figure to approximately 15 percent.
Senator Couzens of Michigan, Chairman of the Senate Interstate Commerce Committee, has proposed legislation of the first magnitude to regulate interstate power through a Federal agency — the Federal Power Commission, which is at present a mere licensing body. His bill (S. B. 3869), introduced last January to achieve this purpose, immediately commanded the attention of every State Commission in the United States.