|Issuer:||Francis W. Sargent|
Table of Contents
WHEREAS, The increasing costs of producing electric power are placing substantial burdens upon the consumers and economy of the Commonwealth;
WHEREAS, The construction of new electric power plants by a public power corporation may substantially reduce such burdens, thereby benefiting the consumers and economy of the Commonwealth;
WHEREAS, A comprehensive study of the feasibility and benefits of such a corporation is necessary;
NOW, THEREFORE, I, Francis W. Sargent, by virtue of the authority vested in me as Supreme Executive Magistrate, do hereby order as follows:
1. There shall be a Public Power Corporation Study Commission, hereinafter called the Commission, comprised of the Secretaries of Consumer Affairs and Administration and Finance, the Chairman of the Public Utilities Commission, and 8 other members, appointed by the Governor, who shall be other public officials or persons knowledgeable about finance or electric power production or consumption. The Governor may from time to time designate one of the members to serve as Chairman. Members of the Commission shall serve without compensation.
2. The Commission shall conduct a study of the feasibility and benefits of establishing a public power corporation to under- take construction of new electric power plants within the Common- wealth, giving particular attention to:
(a) leasing of such plants to private power producers,
(b) distribution of power produced by such plants by private power producers,
(c) the corporate structure of such a corporation, and
(d) methods of financing such construction.
Given at the Executive Chamber in Boston this 10th day of July in the year one thousand nine hundred and seventy-four and the year of the independence of the United States of America, the one hundred and ninety-eighth.
FRANCIS W. SARGENT
Commonwealth of Massachusetts
JOHN F. X. DAVOREN
Secretary of the Commonwealth