FDR's Article in Public Utilities Fortnightly
Soon-to-be-president a PUF Author
When Franklin Delano Roosevelt wrote an article for Public Utilities Fortnightly, in June 1931, he was governor of the state of New York and a strong contender for the Democratic nomination for the 1932 presidential election. What drove FDR to write the two-page article?
The PUF editors asked the soon-to-be-president:
"... whether or not it will be possible for a privately owned public utility company to earn a reasonable return on its investment in New York, notwithstanding the enactment of all of the so-called progressive proposals?"