Pepco Holdings Inc News
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The determination by Congress and President Barack Obama’s administration to protect networks of critical U.S. industries from hackers and cyberspies is creating an explosive growth opportunity -- for lobbyists.
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Lobbyists representing interests more than a thousand miles from Hurricane Sandy’s landfall competed with East Coast beach towns and utilities when U.S. lawmakers drafted their storm-relief legislation.
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Hurricane Irene killed at least 40 people as it moved from the Caribbean through New England, left an estimated $2.6 billion in damage and cut power to almost 8 million homes and businesses along the U.S. East Coast.
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Washington-area residents who are still collecting themselves after a 5.8-magnitude earthquake are bracing for the arrival of Hurricane Irene tonight and into tomorrow as they stock up on food and water and prepare for extended power outages.
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Calpine Corp., the largest U.S. producer of natural gas-fueled power, is nearing an agreement to buy Pepco Holdings Inc.’s Conectiv Energy unit for more than $1.5 billion, said a person with knowledge of the matter.
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Calpine Corp. agreed to buy Pepco Holdings Inc.’s wholesale electricity plants for $1.65 billion to gain a larger presence in the world’s biggest power market.
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Hurricane Irene killed at least 18 people from Puerto Rico to Connecticut, caused an estimated $3 billion in damage and cut electric power to more than 4 million homes and businesses across the eastern U.S.
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The more than 8 million people without power this week may not be reassured to hear it, but power failures in the wake of superstorm Sandy could have been much more widespread.
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Sixty-eight large U.S. corporations paid no state income tax in at least one of the past three years and 20 had an average tax rate of zero or less in that period, according to a report by the Institute on Taxation and Economic Policy.
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Super storm Sandy’s record blackouts and prolonged recovery laid bare the U.S. electrical grid’s vulnerability to wind and flood, renewing calls for utilities to invest billions to toughen their defenses against extreme weather that may become more common.
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