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<br />"~?""7'.--~" <br /> <br />':,.<;.~. ~-l'. . -';' '" p - <br /> <br />'..' ~:>'."f_'^" ""'-".~" <br /> <br />""c _ ?~~,~"."'-._-:: <br /> <br />: _.."~,:~~~.f ..<.--, <br />, ., <br /> <br />.""~~' <br /> <br />'_::!'::;',...~~:':.:?-~-' .--"..,. ~~_~_r ~ ..~ <br />. _ -~"'~}~-{~;:':2f~)-':.::L~J~~",~:.~g, <br />"'" '9. ',,~.' - ::_'~-j <br /> <br />00 <br />c: <br />N <br />C\l <br /> <br />. <br /> <br />. <br /> <br />I <br />.1 <br /> <br />Ratio of Generating <br />Capacity to <br />Peak Demand <br /> <br />The Cleveland Electric Illuminating <br /> <br />Company ....................... <br />The Potomac Electric Company...... <br />Union Electric Company of Missouri <br />Consolidated .................. <br />Detroit Edison Company............ <br />Ontario Hydro-electric Commission . <br />Niagara Hudson Power Company...... <br />Philadelphia ;lectric Company..... <br /> <br />1.33 <br />1.42 <br />1.56 <br />1.42 <br />1.30 <br />1.47 <br />1.30 <br /> <br />It is my conc.lusion th:lt each system should be <br /> <br />considered by itself and tTh~t the amount of spinning re- <br /> <br />serve is a function of the characteristics of the require- <br /> <br />ments of the territory to be served, th0 amount of inter- <br /> <br />connection capAcity available, the lengths of transmission <br /> <br />systems involved and all other relevant factors. Business <br /> <br />. <br /> <br />judgment is required to determine the r"lative weights to <br />bo given to th~ varicus factors involved. <br /> <br />Hydro versus Steam Plants <br /> <br />The minimum cost of anergy 1s usually obtainable <br /> <br />when there is a proper proportion between steam and hydro <br /> <br />generating plants on the system. The oast proportion will <br /> <br />vary, depending on lccal conditions, and on the cost of <br /> <br />fuel, together with the; amount of standby reserve to pro- <br /> <br />vide for continuity and reliability of service. <br /> <br />In connection with the oost of hydro power from <br /> <br />Boulder under existing legislation, the Bureau is obligatod <br /> <br />. <br /> <br />A. B. Roberts <br />