...electric energy and chemicals useful to agriculture. It is hereby declared to be the policy of this Act that, in order, as soon as practicable, to make...Authority's power facilities, will produce gross revenues is excess of the cost of production of said power and in addition to the statement of the cost of power...

...States, counties, or municipalities. (Sec. 10 of the act.) (g) It shall be the policy of the Authority that, in order, as soon as practicable, to make the...in excess of the cost of production of said power. (Sec. 14 of the act.) (h) Appropriate arrangements shall be made to enter into contracts with other...

...allocated." (p) Fining of rates. — "Sec. 14. * * * It is hereby declared to be the policy of this Act that in order, as soon as practicable, to make...in excess of the cost of production of said power and in addition to the statement of the cost of power at each power station as required by section...

...what the act says, in section 14, is this : It is hereby declared to be the policy of this act thnt, in order, as soon as practicable, to make the power...in excess of the cost of production of said power * * *. Now, that is the basic rule of the law that I have tried to follow in setting up these estimates,...

...of this act that in order, as soon as practicable, to make the power projects self-supItorting anil self-liquidating, the surplus power shall be sold...in excess of the cost of production of said power * * *. In other words, there, the policy is to make the power operation self-liquidating. Representative...

...It is heref1: declared to be the policy of this Act that, in order, as soon as practicable, to nuV the power projects self-supporting and self-liquidating,...Authority's power facilities, will produce gross revenues in exc*s of the cost of production of said power and in addition to the statement of the cost of power...

...14, which provides — I will read it to you first and then ask you a question: That the electricity shall be sold at rates which in the opinion of the...gross revenues in excess of the cost of production. Now, let me ask you a question, bearing that provision of the act in mind: Assume the TVA rates were...

...power projects self-supporting and self-liquidating, the surplius power shall be sold at rates whch, in the opinion of the Board, when applied to the normal...in excess of the cost of production of said power and in addition to the statement of the cost of power at each power station as required by section...

...power projects self-supporting and self-liquidating, the surplius power shall be sold at rates whch, in the opinion of the Board, when applied to the normal...in excess of the cost of production of said power and in addition to the statement of the cost of power at each power station as required by section...

...That section reads, the part that is applicable here : It is hereby declared to be the policy of this act that in order, as soon as practicable, to make...in excess of the cost of production of said power. Now, I would say as long as we stayed within that declaration we would be within the provisions given...