Northeast Utilities clears major hurdle in bid to restart nuclear power plant
Article Abstract:
Northeast Utilities' Millstone plant has been authorized by the Nuclear Regulatory Commission to restart one of the three nuclear reactors at the Waterford, Connecticut power plant. The authorization had been seen as one of the biggest obstacles to restart the plant. The plant has been shut down since March of 1996 due to employee calls for safety reviews of the plant, but has regained the faith of the NRC due to new executives and planned reforms. The outage has cost the majority owner Northeast Utilities almost $1.5 billion dollars, which has been one of the most expensive outages in nuclear power history. The company plans to have the plant online by mid-July.
Comment:
NRC has authorized company to start up one of Millstone's reactors again
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Bike maker faces a tactical shift
Article Abstract:
Bicycle maker Cannondale Corp. plans to differentiate itself from other companies by manufacturing the entire bicycle, not just the frame. Through this move, one which is intended to increase the maker's gross margins, Cannondale will eschew its use of Shimano Inc. parts in favor of its own brand, Coda. Cannondale is undertaking this move when sales of high-end bikes have been receding; shipments of expensive bikes to specialty retailers fell by 2.4% to $626.1 million in 1997 from $641.8 million in 1996. Despite this trend, Cannondale has seen its sales increase by 5% to $171.4 million in the fiscal year ended 27 June, 1998.
Comment:
Shipments of high-end bikes to specialty retailers fell by 2.4% to $626.1 million in 1997 from $641.8 million in 1996
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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BEC Energy is considering selling company
Article Abstract:
BEC Energy announced it would consider selling the company or buying others to achieve the necessary economies of scale in a deregulated electricity market. Stock in the former Boston Edison Co is now valued at $1.95 billion 1997 net income was $144.6 million. The company has already sold its power generating capacity for $1.59 billion in order to focus on distribution, and plans increase its current customer base of 675,000 to 2 million by 2000. Analysts speculate that BEC may combine with another local power distributor, New England Electric System (Westborough, MA).
Comment:
Announces it may sell the $1.95 billion company to better compete in deregulated market
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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