Wall Street was awash in reports Monday that Akron, OH-basedFirstEnergy Corp. was negotiating to acquire GPU Inc. ofMorristown, NJ, for more than $10 billion in a transaction thatwould create one of the top energy utility companies in the nation.
Awash
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California Retail Electric Competition Faltering
For both regulators and legislators, California is awash in”unfinished business” in terms of getting its pioneering electricpower restructuring effort to result in robust competition, lowerprices and more significant choices for mass retail consumers,according to a variety of speakers at a two-day conferenceexamining the state’s 18-month-old experiment.
October 25, 1999
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