AEC News

The Atomic Energy Commission has announced that negotiations with four groups of business and industrial firms to study the practicability of industrial development and operation of nuclear reactors for producing power and fissionable materials are nearing completion and that no further negotiations will be started for the time being. Consideration of additional proposals will be postponed, the AEC said, in view of the present heavy commitments of its technical personnel and its laboratories and contractors. Agreements have already been signed with two of the groups: the Dow Chemical Company and the Detroit Edison Company, and the Commonwealth Edison Company and the Public Service Company of Northern Illinois. A third group, the Pacific Gas and Electric Company and the Bechtel Corporation of San Francisco, has indicated its acceptance of the agreement with the AEC. Negotiations are continuing with the Monsanto Chemical Company and its associate, the Union Electrical Company of Missouri.

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