Abstract
This paper is not intended to present a case either for or against industrial generation of electric power. It is intended only as a guide to objectivity in determining the true merits of any such proposal. An attempt has been made to point out some of those factors which are too often neglected or insufficiently weighed in economic evaluations of by-product electric power generation projects, and to indicate a method which will, if properly used, automatically avoid any such inaccuracies. The conclusions drawn in this paper are those of the author and not necessarily a statement of the views of his company.
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