Olds, Leland

Olds, Leland

(1890–1960) economist, public official; born in Rochester, N.Y. He was an industrial editor for the Federated Press news service (1922–29). Head of the New York State Power Authority (1931–39) and the Federal Power Commission (1939–49), he drafted utility regulations. Poised to reduce natural gas prices, he was denied reappointment by pro-oil senators who cited his "leftist" writings of earlier decades. He later founded Energy Research Associates.