Monday, May. 31, 1943
Cost of a Dimout
The Administration is studying the idea of conserving coal by issuing a national dimout order. In most of the U.S., utility men are unperturbed: the decline in commercial consumption resulting from dimouts would enable them to supply increased industrial demands without acquiring new equipment that might be unnecessary after the war.
Meanwhile stockholders of Consolidated Edison Co. learned what the dimout has done to their business in New York City, where there is little war production. Reported Edison President Ralph H. Tapscott: the dark streets of New York will cut a round $10,000,000 from the company's gross revenues this year--almost 5% of its electricity sales for last year.
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