“…Initially, the industry managed and supported a wide-ranging R&D program focusing on near (10 year payoff), intermediate (10)(11)(12)(13)(14)(15)(16)(17)(18)(19)(20)(21)(22)(23)(24)(25) year payoff) and long (>25 year payoff) term R&D programs. Beginning in the mid 1970s, however, EPRI's emphasis shifted more and more toward the support of near term R&D (which now accounts' for more than 70'A of the Institute's R&D budget).…”