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Journalism of Courage
US appeals court rules against the FCC
US appeals court has upheld an earlier ruling requiring the Federal Communications Commission to allow state authorities to set prices charged by local phone companies that lease their services to rival firms, press reports said. The court, located in St. Louis, Missouri, last July found that the FCC had erred In finding that local companies had to lease their services at prices set by the Commission.
FCC Chairman William Kennard said in response to the latest ruling that he was quot;disappointed that two years after the Telecommunications Act, yet another court decision will delay the benefits of competition for the American public.quot;
Marubeni to sell power in the US
Japanese trading house Marubeni Corp. plans to start an electric-power retailing business in the United States later this year, the Nihon Keizai Shimbun said. Sithe Energies Inc, Marubeni8217;s US unit, has already obtained a license for the Business from US authorities, the daily said.
The US unit plans to buy 12 power plants from Boston Edison Co. in Massachusetts for 500 million dollars, while it will build two to four new power plants to retail and wholesale electricity to companies. Marubeni8217;s total power generation capacity is expected to meet 23 per cent of demand in the New England region, it said.
Mitsui, Siemens win Vietnam order
Japan8217;s Mitsui and Co. Ltd. and Germany8217;s Siemens AG have jointly won a 10 billion yen 79 million order to build a power plant in Vietnam, the Nihon Keizai Shimbun said.The two companies have received the order from Vietnam8217;s electric power public Corporation, the business daily said. Mitsui, Siemens and the Vietnamese government signed a contract for the project on Friday in Ho Chi Minh City. Under the plan, the two companies are to build a 300,000 kilowatt power plant in the suburbs of Ho Chi Minh City with plans to start operations by the end of December, it said. Siemens is in charge of supplying plant equipment, while Mitsui is to provide financial support.
