CIPS loses bid in Hillsboro coal case appeal
The Seventh Circuit upheld a lower court order forcing Central Illinois Public Service Co to continue buying 1.7 million tons of coal annually from Consolidation Coal Co for the Coffeen power station. The injunction requires Consol to meet quality standards and post a 145 million bond as the fight continues.
MENTIONED IN THIS ARTICLE
Byron Levener
Springfield
Court Finds Consol Likely To Prevail In CIPS Case
The court skeptical of further delay by CIPS cites a five year pendency. It rejected CIPS claim Consol cannot win at trial. CIPS canceled contract over 9500 Btu per pound. Ackerman says 9500 Btu was only an estimated minimum and market price changes drove CIPS action. The appellate court notes Hillsboro coal had sodium content issues known before plant and treats the contract as an installment type with cure options.
MENTIONED IN THIS ARTICLE
CIPS
Ackerman
Censol
Southern Illinois
Hillsboro
District Court
Consol
State Tight Money Days Ahead as Economy Lags
Illinois Comptroller Roland W. Burris warns the economy will worsen as the Federal Reserve tightens money. The October to November report shows weak fiscal health, high unemployment, and a cash flow squeeze with durable goods industries hit hardest.
MENTIONED IN THIS ARTICLE
Springfield
Ilinois
Federal Reserve Board
Illinois
Roland W. Burris
Burris
Ohio
Michigan
Arsenic Slayings Trial Set For Allied Die Casting President
Charles M. Albanese, 44, president of Allied Die Casting Co., pleaded innocent in Circuit Court to arsenic slayings of his mother-in-law Marion Mueller, 69, and Mary Lambert, 89, who died in August 1980. He faces McHenry County charges in the deaths of his father, Michael Albanese Sr., and attempted murder of his brother Michael Jr. High arsenic levels were found in all three exhumed bodies. Albanese, of Spring Grove, is jailed on a 2.5 million dollar bond.
MENTIONED IN THIS ARTICLE
Waukegan
Charles M. Albanese
Allied Die Casting Co
Marion Mueller
Mary Lambert
Albanese
McHenry County
Michael Albanese Sr
Chicago Cardinal Cody Hospitalized For Tests
Cardinal John P. Cody head of the Chicago Archdiocese is hospitalized at Northwestern Memorial Hospital for routine tests and expects to return home later this week. The 73 year old with heart disease and diabetes is under cardiology care with a prior history of hospitalizations for similar tests as he prepares for a 50th ordination anniversary event. Cody has denied wrongdoing amid a federal grand jury probe into alleged misused church funds.
MENTIONED IN THIS ARTICLE
Chicago
John P. Cody
Archdiocese of
Archdiocesan
Bernard Hanley
Cody
Northwestern Memorial Hospital
Hanley
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