A copy of a proposed draft to be introduced at the South Carolina General Assembly concerning the acquisition of the South Carolina Electric and Gas Company and the Lexington Water Power Company by the South Carolina Public Service Authority. Also included is an accompanying letter from the General Manager of the South Carolina Public Service Authority and letter of thanks from Senator Maybank.
Correspondence concerning a request by Senator Burnet R. Maybank for a report from the Federal Power Commission concerning the combined savings of the South Carolina Public Service Authority and the properties known as the South Carolina Gas and Electric Company headquartered in Columbia, South Carolina. The report is compiled and sent to Senator Maybank in response to his request.
A six-page pamphlet created by the South Carolina Public Service Authority to educate the general populace about the Santee-Cooper project and especially the acquisition of the South Carolina Electric and Gas Company and the Lexington Water Power Company.
A seven-page address sent by James H. Hammond, Chairman of the South Carolina Public Service Authority, to members of the South Carolina General Assembly concerning legislation to permit the acquisition of properties belonging to the South Carolina Electric and Gas Company by the Authority. The Chairman addresses a number of commonly voiced objections to the acquisition, including competition with private entities, the creation of a monopoly, the sales price of the acquisition, harm to the war effort, and the overall benefit to the people of South Carolina. The Chairman concludes by urging the members of the General Assembly to vote in favor of its passage.
A brief letter from Senator Maybank informing Richard M. Jefferies that the Gas and Electric Company has been made a holding company but purchases must be confirmed by the Securities Exchange Commission.