Regulators Clear Path to Split Conrail Between NS and CSX
Federal regulators approved dividing Conrail between Norfolk Southern and CSX, creating two major east of the Mississippi freight systems. The move ends a 25 year restructuring begun after bankruptcy, aiming to boost Northeast competition and reduce highway truck traffic, while imposing conditions to curb past merger mistakes.
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Conrail
Norfolk Southern Corp
CSX Corp
Mississippi River
Pennsylvania Railroad
New York Central Railroad
Penn Central
Surface Transportation Board
Norfolk Southern
CSX
Union Pacific Corp
Southern Pacific Rail Corp
RG&E to Pay 178 Million to End IPP Contract
RG&E will pay 178 million to terminate its sole contract with an independent power producer. The Kamine Besicorp partnership settlement, approved by regulators, ends a dispute that had tied up about 723 million in future payments. RG&E faces a 65 megawatt Allegany County plant purchase option plus a potential higher bid.
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Kamine Boxcars
Rc&e
Allegany County
Dry cleaners forum focuses on environmental rules
A June 10 seminar at the Double Tree Hotel Buckiey Road addresses May 19 1997 perchloroethylene emission rules for dry cleaning facilities. Topics include emission control monitoring equipment modification permitting inspections and certification. The free event is part of a four session series sponsored by Empire State Development and the New York State Environmental Facilities Corp. To register call 800 782 8369 ess. 2. Tony Fong
MENTIONED IN THIS ARTICLE
Double Tree Hotel
Holiday Inn
Buckiey Road
Empire State Development
The
New York State Environmental Facilities Corp
Newsline updates brief summary
Local updates numbered 9994 9992 1916 9993 1032 1016 1017 1018 1019 1020 1021 1033 jee cover miscellaneous items across periods. Names, places, dates, and numbers appear as fragmented references in the OCR snapshot.
Debtor Use of Chapter 11 to Discharge Debts
The court supervises the assets and assets discharge under Chapter 11, allowing arrangements to repay the debtors. The court does not manage business and persons while Chapter 44 deals with alignments.
MENTIONED IN THIS ARTICLE
Cour
Students win big in Stock Market Games at West Genesee
In Spring 1998, West Genesee High School led a 10 week stock market contest with 349 teams nationwide, where youths researched stocks and traded imaginary money. A top group turned $36,500 profit by betting entirely on Lucent Technologies, though the prize money isn’t kept. The program, coordinated by Le Moyne College and Syracuse Newspapers, aims to teach real market concepts through hands on practice and brokerage challenges.
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West Genesee High School
Cathleen Parfitt
Sean Hennigan
Syracuse
le Moyne College
Anne-Marie Trait
Trait
West Genesee
Sam Dance
Dance
Lucent Technologies
August date eyed to pay Bennett debt in Chapter 11 plan
Trustee Richard Breeden said creditors may receive a partial payment by August with a second fall payout, and a court filing will lay out a reorganization plan anchored by Equivest Finance. The nine Bennett entities owe about 1 billion dollars to unsecured creditors and await adjustment through a cash or Equivest stock option.
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Bennett
Richard C Breeden
Breeden
Bennett Companies
Businesse
Bennett Creditor
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