Monday, Sep. 26, 1927
Largest Power Pool
Last week Thomas N. McCarter* of the Public Service Electric and Gas Co. of New Jersey, announced the formation of a gigantic merger which will unite his company to the Philadelphia Electric Company and the Pennsylvania and Light Company. Perhaps the world's largest power pool, this combination will control three transmission lines, totaling 208 miles, costing $26,000,000. In 1930, new apparatus complete, the merged companies will begin to function.
*The past summer was an exciting one for portly, gruff, sport-loving hospitable Mr. McCarter. Late in July he narrowly es- caped death in a motor accident near Modia, Pa. A few weeks before that at Romma an explosion and fire had driven him hurriedly from his motor cruiser on the Shrewsbury River, near his home at Rumson, N. J. The cruiser was consumed. Last week, in best of health, he sailed for the U. S. after five weeks in Europe.