People are mysteriously disappearing from Metropolis! They walk down a gray city street and they vanish, leaving behind tearful families! Does this have anything to do with the Parasite? Well, no, but he's what's occupying Superman's attention at the moment.
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The cover says "Power grab" but the real grab is between the bad guys. This shows why Luthor is best as the super billionaire. Poor Boss Moxie bites off more than he can chew. He thinks things are going to be like 60 years ago. Nope. The big boss man is Lex now, and he proves he's the most dangerous criminal ever in Metropolis, and he won't have any has-been take his empire.
It's a great moment in Luthor's post-crisis story, proving just how seriously he take his power. It's bad enough Superman is in his way, but he'll be damned if anyone else will steal any more of his thunder, even if it's as a criminal.
I was never big on the electric powers era, but the creative teams proved they still hadn't lost their ability to make good s more