A Preliminary Investigation of a Power Site on the Tennessee River Near Knoxville

The investigations necessary for a full understanding of the project and the procedures which should be followed, may be summarized in essentially their logical order as follows: First: The determination of the market and the probable nature and distribution of the load. The present cost of power and the price at which power can be sold. Second: The water supply and its variations., The possibilities of pondage and storage and the necessity and cost of auxiliary power. Third: The physical character of the power site. The foundations, the plant payout, the resultant head, the local materials of construction, and the extent of the necessary transmission to convey the power of its market. Fourth: The preliminary estimate of cost. This should be made very liberal and should contain estimates for contingencies amply sufficient to meet such uncertainties as are involved in the project. Fifth: The legal rights, including riparian rights, flowage and reservoir rights; permits and franchises; rights-of-way for transmission; rights of condemnation; and the extent and influences of state and federal control on both project and prices. Sixth: The methods and cost of financing the project, and the feasibility of floating the necessary stock and securities. Seventh: A report on the project covering a full and complete consideration of Items I to 6 and their relations to one another. Eigth: The design of the plant, and the structures necessary for storage and control of waters. Ninth: The construction. Tenth: Operation and maintenance.