FirstEnergy Corp. is postponing, for at least another day, the
start of a critical seven-day test of the Davis-Besse nuclear power
plant's coolant system.
Late Tuesday night, a circuit breaker for a pump failed to hold
as temperature and pressure were increased in the reactor core,
utility spokesman Todd Schneider said. The plant hopes to find out
what went wrong and have the problem fixed by today, he said.
Before FirstEnergy will be allowed to restart the plant shut down
in February 2002, it has to prove to the Nuclear Regulatory
Commission that the troubled reactor will not leak coolant.
FirstEnergy said if the power plant passes the seven-day test,
Davis-Besse could be ready to restart before November, pending NRC
The test involves heating the reactor to about 550 degrees and
increasing internal pressure to a typical 2,155 pounds per square
inch. The reactor was holding at 385 degrees and 780 pounds per
square inch as of late Wednesday afternoon, Schneider said.
Court lets Goodyear keep papers
A federal appeals court has ruled that Goodyear Tire & Rubber
Co. does not have to publicly release documents related to alleged
The ruling stemmed from a lawsuit filed by families of two Air
Force officers who were killed when the van they were traveling in
The families said defective tires caused the accident. Goodyear
gave related documents to the families' lawyers, but the company
sought to keep them sealed from the public, saying they contain
trade secrets. The decision overturned a previous ruling that
demanded the documents be made public.
Roadway-sale costs to cause loss in
Roadway Corp., the Akron-based trucking company being bought by
smaller competitor Yellow Corp., said it expects a loss of 16 cents
to 21 cents a share in its fiscal third quarter because of costs
related to the transaction. Roadway said payments for stock issued
in connection with the $966 million agreement led to the loss. The
company, which expects to announce financial results later this
month, said profit from continuing operations will be ``at the upper
end'' of its previously announced range of 60 cents to 70 cents a
Gates gets look at Linux,
It's not often that Bill Gates is associated with the free Linux
computer operating system, Netscape's Web browser or royalty-free
software, but he embraced all three Wednesday.
The chairman of Microsoft Corp. sat through a computer
demonstration running on Linux -- a competitor to Microsoft's
Windows -- and the Netscape browser, a rival product that all but
disappeared because of giveaways of Microsoft's Internet Explorer
Gates attended a technical briefing at a Midtown Manhattan hotel,
where Microsoft and software rival IBM Corp. touted so-called Web
services -- software aimed at streamlining Internet transactions.
Tools will let computers conduct secure transactions whether they
run Windows, IBM's WebSphere or the open-source Linux system that is
Akron gas group rate is $7.15 for
For customers who signed up with the city of Akron's one-year
natural gas aggregation plan with Shell Energy, the fixed winter
rate has been set at $7.15 per thousand cubic feet (mcf) for
December through April. The fixed rate for November is $7.21/mcf.
The contract calls for a variable rate for the summer.
Customers, who had to sign up for the plan before the fixed
winter rates were set, should receive a letter detailing the price
and giving them an option to cancel without a penalty by Oct. 10.
Customers who try to cancel in the winter will face a $25 fee.
Shell Director of Marketing Mark Pyle said customers should wait
until they receive their letter before contacting Shell.
Shell is no longer accepting enrollments for its Akron plan, but
the company has a $6.99/mcf fixed-rate one-year offer for the
public. The company's number is 877-557-4355.
FirstEnergy workers ratify contract
FirstEnergy maintenance and construction workers have approved a
Nick Vitale, secretary of Local 126 of the Utility Workers of
America, declined to release totals of Tuesday's vote.
The union had rejected a previous contract offer.
The new contract calls for raises totaling 6 percent over two
years, while requiring union members to pay 10 percent of health
care costs for the first time.
Vitale said the 480 union members also got raises retroactive to
July 1, when their previous contract expired.
GE changes equity part of CEO's
General Electric Co. CEO Jeffrey Immelt will receive
``performance share units'' instead of stock options, tying the
equity part of his compensation more directly to the company's
Immelt will get PSUs instead of the retention-oriented stock
options and restricted stock units that other executives get. Stock
options involve the right to buy a stock at a particular price; PSUs
involve the ability to receive a share provided performance criteria