By 1900, the rise of major industry in Nashville brought an increased demand for electricity. In 1901, Nashville entrepreneur Arthur Dyer formed the Great Falls Power Company and purchased land on the north side of the gorge with plans to build a dam. Dyer had trouble getting financing for the project, however, and in 1912 sold Great Falls Power to the Tennessee Power Company. The original plans called for a dam high. At the "Narrows", where the two tunnels are now located, an open channel was to be made from the Collins River to the Caney Fork. The water was to be carried across the gorge in a steel flume and then in an open canal across Horseshoe Bend, a distance of . The powerhouse was to be located at least by river below the present powerhouse. In so doing a total head of would have been available; at the dam, between the dam and the present powerhouse and around horseshoe bend.