Ohio power plant plans shelved amid market collapse
In central Ohio a 218 acre field once eyed for Aquila Inc to build a 300 million gas fired plant was shelved as wholesale markets collapsed. Of 30 Ohio plants approved since 1998, 15 were put on hold or withdrawn amid Enron fallout, high gas prices, and tighter credit. Executives cite risky bets, shifting demand, and weak prices suppressing new capacity.
MENTIONED IN THIS ARTICLE
Nashpport
Ohio
Aquila Inc
Kansas City
Enron Corp
Mike Wilczek
Platts
Michael Morris
American Electric Power
AEP
Pat Hemlopp
Aquila
Midwest
al Butkus
Butkus
Wilczek
Aquila eyes Peculiar for new gas plant after Ohio withdrawal
Aquila Inc, based in Kansas City, said on October 6 it still aims to build a 315 megawatt gas fired plant southwest of Peculiar Missouri. The firm had proposed a $113 million Harrisonville, Missouri plant, but local resistance surfaced during the summer amid growth concerns.
MENTIONED IN THIS ARTICLE
Aquila Inc
Ohio
Kansas City
Aquila
Harrisonville
Lawrence
Kan
Calpine
John Flumerfelt
Cinergy Corp
Duke Energy
Indiana
Steve Brash
Cnergy
South
Alan Schreiber
Public Utilities Commission of Ohio
Schreiber
Quarterly reports and economic indicators schedule
The week features quarterly results from 3M IBM Texas Instruments Ford McDonald s Motorola Safeway and other firms. Economic data include September consumer prices housing starts and leading indicators with firms like Capital One Kodak General Dynamics J P Morgan Lucent United Technologies AT T Coca Cola Daimler Chrysler Merck SBC Sears Starwood UPS Amazon MedImmune Microsoft Nextel Weyerhaeuser.
MENTIONED IN THIS ARTICLE
Safeway
Capital One
Kodak
General Dynamics
J.P. Morgan
Lucent
United Technologies
At&t
Coca-Cola
Daimler- Chrysler
Merck
SBC
Sears
Starwood
UPS
Amazon.com
MedImmune
Microsoft
J D Power weighs options including sale forces with Evercore
J D Power and Associates hired Evercore Partners to explore options for the privately held company. The move is described as in early stages with all options on the table for potential funding and growth opportunities. Northwest Airlines pilots union endorses tentative two year deal to cut compensation by 265 million annually. The Master Executive Council votes 10-0 to send the agreement to members for ratification. The pact aims to save 300 million annually, with pilots bearing 265 million in wage and benefit reductions. Northwest says it needs 950 million a year in concessions to avoid bankruptcy.
MENTIONED IN THIS ARTICLE
J.D. Power & Associates
Evercore Partners Inc
New York
Los Angeles
Wall Street Journal
Los Angeles Times
Tom Shaver
J.D. Power
Northwest Airlines
Northwest Branch
Air Line Pilots Association
Northwest Pilots
Mark McClain
Northwest
Also Mentioned on This Page
Associated Press
Calpine Corp
San Jose
Calif
Hanging Rock
The
Washington Post
IBM
Texas Instruments
China
Ford
McDonald’s
Motorola
Nextel
Weyerhaeuser
John Fries Clu
Chfc
LUTCF
Emusen
Juesday
Prairie Fire Financial Group
Peterson Rd. Ste
Prairiefire-Fg
Gage
Sources Corp
Doug Andrew
Broadband Man
Sunflower Broadband
Riverfront Plaza
Kansas
Sunflowerbroadband.com
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