Merger Hurdle Seen in Toledo Edison CEI deal
The last hurdle to the Toledo Edison and Cleveland Electric Illuminating merger is opposition from the Western Reserve Alliance seeking SEC hearings. Officials say potential delays are minimal while critics fear rate increases and unfinished nuclear plants. A negotiated PUCO oversight plan aims to win SEC approval within weeks.
MENTIONED IN THIS ARTICLE
Cleveland
Toledo Edison Co
Cleveland Electric Wuminating Co
Western Reserve Alliance
Securities and Exchange Commission
Paul Smart
Toledo Edison
Betty Long
Alliance Board
Ceis
Perry
North Perry Village
Toledo
Richard Celeste
Thomas Chema
Public Utilities Commission of Ohio
PUCO
Center For Energy Corp
Chema
Ohio Office of Consumers’ Counsel
SEC
Oho
Centerior
Statehouse focus on workers' comp reform clash
Ohio business groups prepare to press lawmakers on changes to the workers' compensation system. The Ohio Manufacturers' Association cites Supreme Court decisions expanding benefits and calls to end double dipping into the state fund. Labor leaders push for safeguards or separate funding. leaders aim to pass a bill with or without an agreement.
MENTIONED IN THIS ARTICLE
Columbus
Statehouse
Thomas Johnson
Ohio Manufacturers’ Association
Oo Supreme Court
Johnson
Supreme Court
John Thomas
Ohio
Afl-Cio
House
Vern Riffe Jr
D-New Boston
OMA
Ohio Chamber of Commerce
Senators urge DOJ to fix Enduro sale and restart plant
Glenn and Metzenbaum denounce the handling of the LTV Republic merger and Enduro divestiture. They press the Justice Department to restore a viable stainless steel operation in Massillon as 2,000 rally supporters hear. LTV claims Enduro owes over 21 million dollars for unfinished steel and argues no divestiture obligation to maintain competition. A federal court dispute over supply persists with a Tuesday deadline for employee offers to buy Enduro.
MENTIONED IN THIS ARTICLE
Massillon
Oho
John Glenn
Howard Metzenbaum
Enduro Stainless Inc
United Steelworkers
Enduro
Republic Steel
Justice Department
Republic
LTV Corp
LTV Steel Co
LTV
Glenn
Richard Celeste
State Department of Development
Washington
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