12 Second Annual Report of the 



and a site for development being made subject to acquirement by 

 eminent domain. It is not the intention, however, to disturb any 

 private enterprise that is in good faith utilizing the power owned 

 by it, but it is intended to prevent the holding of powers for 

 speculative purposes and to prevent high prices for power being 

 brought about and maintained by an artificial restriction of supply. 

 The enormous quantity of undeveloped power now owned by the 

 State will make it unnecessary to acquire more by condemnation 

 or purchase for many years to come. 



