Packwood tax plan would slow growth and raise prices
A Chase Econometrics study for Philip Morris assesses the Packwood Senate plan. It forecasts a 6.1 percent average yearly drop in real GNP, total five-year loss of about 142 billion, and significant declines in auto and home building plus higher consumer prices and lowered employment.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Commmitteg
Bob Packwood
R-Ore
Chase Econometrics
Chase
Packwood
Philip Morris Inc
Chase Safety Segpancihla Force
T.he Packwood
Joint Committee
Met
Rate cuts sought for APS utilities in Maryland and West Virginia
Maryland and West Virginia consumer groups filed a 100 page complaint with the Federal Energy Regulatory Commission asking to cut electric rates for All¢gheny Power System and three subsidiaries including Potomac Edison by about 16 million dollars annually. They argue lower financing costs from dropping interest rates justify reduced charges for funding a 1.7 billion Bath County pump storage plant in Virginia in which APS subsidiaries own 40 percent. If approved Potomac Edison would pass roughly 4.5 million to its 280000 customers in western Maryland. West Virginia and Virginia PE officials had no comment.
MENTIONED IN THIS ARTICLE
Hagerstown
Maryland
West Virginia
Potomac Edison
Maryland People’s Counsel
West Virginia Consumer Advocate Division
Federal Energy Regulatory Commission
APS
Bath County
Virginia
Paul Buckley
Sue Elliott
Eliott
Market Down as Utilities Slump Amid Nuclear Fear
New York stocks fell with electric utilities leading the decline as nuclear power concerns widened. Dow Jones utilities lost 2.93 to 182.65 and the industrials dropped 17.88 to 1825.98 while NYSE volume rose to 148.77 million shares. Analyst John L. Stanley warned nuclear tied firms face the strongest negative sentiment.
MENTIONED IN THIS ARTICLE
New York
Soviet Union
New York Stock Exchange
John L. Stanley
Brown Brothers Harriman & Co
Also Mentioned on This Page
Congressional
Holday
Associated Press
Myersville
Frederick
Cara
Kathy Kwipple
Che Frederick News-Post
Ted Frees
Chesapeake Room
USA Today
Lighthouse Point
Baltimore
Washington, DC
Baker, Watts & Co
Baker Watts
Watts G Co
Fredenck, Maryland
Marylen
Easton
Washington Street
BEL Abr
Courtland Street
Bel
Ster
Mimare
Omer
Manchester Ave
Wesemmerer
Allegheny Avenue
Werwie
Towson
Clarksburg
Union National Center
Wes
Rockville
Jefferson
Efferson Street
Mclean
Greensboro Drive
Vargas
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