254 



MULTIPLE PURPOSE RIVER DEVELOPMENT 



suffer relative decline. Where one firm with a given regional dis- 

 tribution of equity is substituted for another firm located elsewhere 

 and with a different regional distribution of ownership shares, 

 there will be a different regional distribution of gains and losses 

 among the owners of capital services as well as among labor. 



Accepting our limited analytical techniques, and the state of 

 present knowledge in relation to the complexity of the problems 

 involved, it is not possible to detail the ultimate regional locus of 

 gains, in a dynamic context, in connection with the federally 

 developed sources of hydroelectric power in the Northwest. We can 

 present only in schematic fashion for illustrative purposes a sum- 

 mary of the effects of a hypothetical case to provide a rough notion 

 of the diffusion of consequences beyond the locus of original 

 impact. Such a summary is provided in Table 55, which is drawn 

 from the previous tables in this section. 



TABLE 55. Summary of Regional Locus of Gains from Federally Developed 

 Sources of Hydroelectricity in the Pacific Northwest 



Pacific Other 



Coast regions 



Locus of g^ins distributed via preference customers: 



Final-demand uses $335,000 — 



Derived-demand uses 113,600 $ 74,200 



Locus of gains distributed via private utilities: 



Final-demand uses — — 



Derived-demand uses 181,300 329,900 



Locus of gains distributed via federal agencies: 



Final-demand uses — — 



Derived-demand uses 10,800 75,400 



Locus of gains distributed via electro-process industries: 



Final-demand uses — — 



Derived-demand uses 13,200 60,000 



Total '$653,900 $539300 



Tracing the locus of gains in each instance to the point at which 

 they appear as either money or real income to households, we note 

 that the regional distribution of gains would be about 55-45 as be- 

 tween the Northwest region in which the federal hydroelectric proj- 



