The cash market shrugged off Tuesday’s modest weakening toresume an upward climb Wednesday. Yesterday’s gains weren’t aslarge as those on Monday (mostly 5-10 cents compared with 10-20cents, respectively). Also unlike Monday’s trading, there was nogeographical divergence with Western increases being significantlyless than the East’s; the Wednesday upticks were mixed relativelyequally in both areas.
Renewed
Articles from Renewed
Merger Moratorium Sought by Munis
A group representing municipal- and government-owned utilitieslast week renewed its call for FERC to impose a moratorium onelectric utility mergers that threaten competition while theindustry is undergoing transition. At a minimum, it proposed thatthe Commission only approve mergers that could show “clearbenefits” that would result from such combinations.
August 31, 1998