Nuclear plant costs push up electricity rates in US
Cambridge Energy Research Associates warns initial nuclear power costs may be three to four times oil-fired electricity. About a dozen utilities could face rate increases to cover debts as the first new plants, including Seabrook, Millstone 3, and Shoreham, struggle with high costs, design changes, and management challenges.
MENTIONED IN THIS ARTICLE
United States
Cambridge Energy Research Associates Inc
Energy Consulting Group
Organization of Petroleum Exporting
C. Rupp
Charles Romanoff
Three Mile Islands
Daniel Yergin
Cambridge Energy Research Associates
U.S
William H. Zimmer
Cincinnati
Nuclear Regulatory Commission
Seabrook
Public Service Co
New Hampshire
Millstone
Northeast Utilities Co
Hartford
Shoreham
Long Island Lighting Co
Washington Public Power Supply System
Clinton
Illinois Power Co
Callaway
Union Electric Co
Missouri
Wolf Creek
Kansas Gas & Electric Co
Kansas City Power and Light Co
Rate hike requests by telephone firms surge nationwide
An Associated Press survey shows Bell System and independent local phone companies seeking about 7.5 billion dollars in rate boosts, while regulators approve far less. Through Oct 13, regulators rejected 62 percent of proposals, risking roughly 2.55 billion dollars in local increases atop 1.5 billion already approved this year. The drive comes amid plans for a 2 dollar monthly intrastate access fee to replace subsidies, with 18 states potentially duplicating FCC charges.
MENTIONED IN THIS ARTICLE
Wash Itington
Associated Press
Bell System
GTE Corp
Federal Communications Commission
Americar Telephone & Telegraph Co
Oms
Additivonx
Zaccess
Tom Leweck
General Telephone of
California
Congress
Dreaded Disease Strikes Threaten Big Insurers Confidence
AP reports Charter Security Life Insurance Co. faces a crisis as Merrill Lynch stops selling its single payment annuities and industry worries grow. Chairman J Dix Druce defends portfolio quality with 92 percent of assets in investment-grade bonds, while liquidity surges to 600 million amid redemptions. The core issue remains customer confidence in the annuity market.
MENTIONED IN THIS ARTICLE
Security Life Insurance Co
J. Dix Driade
Zaren
Druce
Baldwin United
Merrill E
cacBecing Charter
Charter Security
Charter
Cruce
Roofing Firm Faces Blame In KC Fire
In Kansas City a roofing firm working on the 30th floor roof of City Hall faced four fire code violations after a blaze caused over 1 million dollars in damage. Officials cited cutting torch proximity to combustibles and inadequate safety, with investigators noting careless torch use sparked the fire and a city blower may have aided it. City officials weighed a fan short as a possible contributing factor.
MENTIONED IN THIS ARTICLE
Kans Axss City
Kansas City
Marquis Roofing Co
Zgate
Harold Knabe
Fire Department
A.J. Wilson
Rates to rise with interstate access charges in Kansas
A caller urges residents to oppose new interstate and intrastate access charges from Southwestern Bell. The message warns of skyrocketing rates, citing a $12.95 monthly rise per residential line and $28.50 per business line, with annual increases as Bell System breakup shifts toll costs to local ratepayers and requests lawmakers to vote against the measure.
MENTIONED IN THIS ARTICLE
Bell
Kansas
Kansas Corporation Commission
Southwestern Bell
At&t
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