Private Atomic Power

The building of the nation's first privately owned atomic power plant was announced last week. Consolidated Edison Co. of New York will construct a 100,000 to 200,000-kw. plant 30 miles from Manhattan on the Hudson River at Indian Point (site of an amusement park), feed the power into New York and fast-growing Westchester County. The plant will produce about 4% of the company's present total capacity, cost from $30 million to $40 million (v. about $20 million for a conventional steam power plant of the same generating power). Consolidated Edison believes the extra expense well worth it. Says President Hudson R. Searing: "We think it represents a real contribution to the advancement of the art. We want to get on with the job."

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