SENATE RESOLUTION NO. 221

Reported by Mr. SHIPSTEAD

IN THE SENATE OF THE UNITED STATES,

May 3, 1928.

Resolved, That the reports submitted to the Senate, or which may hereafter be filed with the Secretary of the Senate, pursuant to Senate Resolution 83, current session, relative to the investigation by the Federal Trade Commission of certain electric power and gas utility companies, be printed, with accompanying illustrations, as a document.

Note.-A descriptive list of these exhibits is given on pages 155–157.

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LETTERS OF TRANSMITTAL

FEDERAL TRADE COMMISSION,

The PRESIDENT OF THE SENATE,

Washington, November 18, 1930.

Washington, D. C.

DEAR SIR: I have the honor to submit herewith the twenty-seventh interim report of the Federal Trade Commission for filing with the Secretary of the Senate, pursuant to Senate Resolution No. 83, Seventieth Congress, first session, in the matter of investigation of utility corporations. This report is accompanied by transcript of testimony and exhibits of hearings before the commission. By direction of the commission.

GARLAND S. FERGUSON, Jr.,

Chairman.

FEDERAL TRADE COMMISSION,
Washington, November 18, 1930.

To the Senate of the United States:
Pursuant to the direction of the Senate in Senate Resolution 83,
Seventieth Congress, first session, approved February 15, 1928, re-
garding the investigation of certain classes of operating electric
power and gas utility companies and of holding companies, and asso-
ciated engineering, finance, and construction companies, that this
commission "report to the Senate within each 30 days after the pas-
sage of the resolution and finally on the completion of the investiga-
tion," upon the matters specified in the resolution, and that it
transmit therewith the stenographic report of the evidence taken,
this twenty-seventh interim report covering the period from October
15 to November 15, 1930, is respectively submitted.

November 12, 13, 14, and 15, 1930, public hearings were held on all phases of the inquiry as to the Southeastern Power & Light Co. and Southeastern Securities Co., which very recently have been merged into the Commonwealth & Southern Corporation. The next hearing is set for December 2, to take up Georgia Power Co.

The field accounting and inspection work of other groups and companies are being continued as rapidly as the available force permits. Since the last interim report a field engineering inspection of the principal generating stations, transmission lines, distribution systems, and study of operating statistics of the six electric public utilities of the former Southeastern Power & Light Co. group, operating in Florida, Mississippi, Alabama, Georgia, and South Carolina, was completed. Field accounting examinations of the books of account of six other holding and subholding companies and of five electric and gas operating companies were continued. Accounting reports

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are being prepared on the financial aspects of holding and operating companies and reports on the extent and methods of intercompany ownership and control and of management and service relations on five important groups.

Transmitted herewith is transcript of the testimony taken during the period covered by this report and duplicates of the exhibits introduced, together with suggestions as to printing as directed by Senate Resolution 112, dated September 9, 1929. The transcript pages are 11858 to 12206, inclusive, and the exhibit numbers are 4715 to 4736, inclusive, except Nos. 4728, 4729, and 4730, which were not offered. By direction of the commission. GARLAND S. FERGUSON, Jr., Chairman.