Word: duked
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...California dismantled its private power-generating industry without securing adequate power supplies. The Big Three utilities, which in addition to PG&E and SCE include San Diego Gas & Electric, sold off plants to outsiders like Duke Energy of Charlotte, N.C., and Reliant Energy of Houston and became middlemen. But the state wouldn't allow these new intermediaries to enter long-term purchasing agreements for fear they would be locked into fixed-price contracts as prices dropped. Their purchases had to be made on the so-called spot--or cash--market, and prices were low at the time...
Nonetheless, the business has been highly profitable. Just last week Duke Energy reported a hefty $284 million in fourth-quarter earnings--compared with a $189 million loss last year--thanks in no small part to California's soaring wholesale prices...
...limbo. Backed up by Canadian super-guitarist Ed Bickert, Desmond, who died in 1977, spins out long, pungent melodic lines that float through the air with luminous grace. Best of all is a slyly witty version of Things Ain't What They Used to Be that would have made Duke Ellington grin...
...Dani Bolognesi still remembers the afternoon in 1994 when one of his research colleagues, Tom Matthews, ran into his office at Duke University with some exciting news. While searching for something that might work as a vaccine against HIV, Matthews had stumbled upon a compound that blocked the AIDS virus from binding to--and thus infecting--healthy cells. "I remember it as if it were yesterday," says Bolognesi, now CEO of the company he co-founded to explore the compound's commercial potential. "He said, 'You're not going to believe this. I've got something that's blocking fusion...
...treatments will fail clinical trials. But doctors who treat the disease are experiencing a surge of optimism the likes of which they have never felt before. "It's no longer spin the wheel, let's try this drug, maybe it will work," says Henry Friedman, a neuro-oncologist at Duke University Medical Center. "We're going to know why a drug is or isn't working." And given the nature of cancer and the scientists who study it, if one approach doesn't fly, there will be no shortage of other ideas...