PUC plan merges three Texas electric utilities
The Public Utilities Commission approved a plan to merge Dallas Power & Light Texas Power and Light and TESCO into the Texas Utilities Electric Co. The move creates the state's largest publicly owned electric utility and one of the nation's 10 biggest. Rates will stay similar with single rate cases after 1983, but some savings are not guaranteed for customers.
MENTIONED IN THIS ARTICLE
Public Utilities Commission
Texas Electric
Texas Electric Service Co
Odessa
TESCO
PUC
Dallas Power & Light
Texas Power and Light
Texas
Gerald Gotcher
Odessa Tesco
Dp&l
Tp&l
Texas Utilities Electric Co
Gotcher
Texas Utilities Co
North Texas
Fort Worth
Austin
Commission
Houston Light & Power Co
TUEC
El Paso Co considers stock sale by Burlington bid
El Paso Co directors met in Houston to weigh Burlington Northern Inc bid for about half of El Paso Co. stock. The offer values 25.1 million shares at roughly $602.4 million and would raise Burlington to about 50.1 percent. Odessa based El Paso Products Co. is a subsidiary. J Virgil Waggoner said the offer is too low and unlikely to be accepted. The stock rose from 17 to 25 as negotiations proceed.
MENTIONED IN THIS ARTICLE
el Paso Co
Houston
Burlington Northern Inc
el Paso Products Co
Odessa
The
Seattle
Wash
Wall Street Journal
Burlington
el Paso
J. Virgil Waggoner
Waggoner
Rockwell Accused of Fraud in Defense Contracts
Federal investigators and former Rockwell employees accuse Rockwell International Corp of fraud across defense contracts, highlighting a pattern of cost shifting between fixed price and cost plus deals. NASA and grand juries review similar cases. Rockwell faces civil penalties totaling $1.5 million tied to GPS and related satellite projects.
MENTIONED IN THIS ARTICLE
Washington
Rockwell International Corp
Justice Department
Rockwell
National Aeronautics and Space Administration
NASA
Air Force
GPS
City foreseen memos ruling by Julie Bird
The attorney general ruled parts of two municipal court memos addressing officers failing to appear may be released to the Odessa American while other sections remain confidential as opinions and recommendations. The decision cited precedents and a San Antonio court ruling, and required the city to receive and mail copies with release markers.
MENTIONED IN THIS ARTICLE
Joel Roberts
Odessa
Roberts
White
Johnny Minor
Alan Stewart
Chester Nolen
Garrison
San Antonio Court of Appeals
Gas tax OK'd by Senate in final countdown to adjourn
The Senate voted 54 33 to raise the federal gasoline tax by five cents after an 81 5 filibuster block and sent the measure to President Reagan who said he would not sign today. Majority Leader Baker and Vice President Bush presided as the chamber closed its business for the year.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Senate
Reagan
House
White House
Peter Roussel
Howard M. Metzenbaum
Ohio
Howard H. Baker Jr
R-Tenn
George Bush
Also Mentioned on This Page
Indiana
Giate
Pagelb
Texas Utilities
Anaheim
Calif
Sion
California
Nevada
Arizona
Salinas
Disneyland
By Robert Halpern
Boston Globe
By Julie Bird
Jon Bie
By Cliff Haas
Helms
Filibuster
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