Word: edisonizing
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...cancellation will head off prospective price increases on appliances, air conditioners, mobile homes and other products. The Speed Queen division of McGraw-Edison Co., for example, dropped plans to raise the price of its washers and dryers by $10 to $20, and Magic Chef put off a proposed price hike on ranges. Whatever anti-inflationary benefits result could be short-lived, however. Few analysts are betting that steelmakers will not try for another boost before the year is out. Says one Wall Street expert: "The first half-hour that they feel the demand is there, they'll try again...
...increased construction and operating costs have only recently forced utilities to earnestly consider what utility company engineers call load management-controlling the amount of electric power delivered to the customer-as a way of reducing the need for repeated expansion of generating capacities. In Michigan, for example, the Detroit Edison Co. is testing a method of shutting off water heaters by radio control. One of the early difficulties with some systems using this approach-now ironed out-was interference: electric garage-door openers were shutting off people's heaters. Another method under study by G.M.P. is thermal storage, which...
Some good sounds coming out of Beverly. Sandy's Jazz Revival has Harry Sweets Edison, great former trumpeter with Count Basie. That's not such a big deal since the Count has had many former trumpeters. But Sweets is a good one. He plays through Saturday...
...shutdowns because of already rigorous safety requirements. Also, demand for electricity now is growing more slowly than in previous years, so heavy investments in nuclear power look more risky than ever to utilities-even if they could raise the money. Gordon Corey, vice chairman of Chicago's Commonwealth Edison, which has more nuclear capacity installed than any other utility, notes that U.S. power companies contemplate investments of $650 billion over the next 15 years-and will have to raise $400 billion of that from outside sources, which may or may not be willing to put up that much cash...
Because of the length of Edison's arguments, lawyers from the Boston Redevelopment Authority and the medical institutions involved will not be able to present their cases until the court reconvenes...