Word: houstonize
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Dates: during 1990-1999
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There's something pure about the college game; it's so unpredictable and exciting. Remember Jim Valvano running around the court in 1983 looking for someone to hug after his N.C. State team upset Houston? Remember Princeton shocking the nation by beating the defending champion UCLA last year...
...high-cost plants, particularly nuclear facilities, just as lower-cost competitors are moving in. So high-cost outfits like Boston Edison and the New England Electric System in Massachusetts are selling off their generating plants to deliver power produced by other companies. Brash newcomers such as Enron Corp. of Houston, one of the country's largest distributors of natural gas, are buying megawatts of electricity on the open market and selling them around the country. It's called wheeling...
...will Duke Power Co. of Charlotte, North Carolina, which is acquiring PanEnergy, a Houston marketer of natural gas, for $7.7 billion. "For the past 10 years, we've been running our company as if our customers already had a choice of power suppliers," says Richard Priory, Duke's chief operating officer. The company recently teamed up with Louis Dreyfus, a commodities trading house, to create a venture that will manage utilities like the city-owned electricity supplier in Dover, Delaware. Awaiting local approval is a program to help make the Los Angeles Department of Water and Power, the country...
Enron is also running up its own electric bill: the Houston company is paying $3.2 billion to acquire Oregon's Portland General Electric Co. in a deal that will give Enron access to low-cost hydroelectric power, 650,000 customers and an opportunity to go to school on retail operations...
...tradition of the Bad Boys of Detroit and the Rockets of Houston, the Crimson of Harvard has now captured back-to-back championships. But neither the Pistons nor the Rockets could make history in the process as the Bulls did last year by winning an NBA-record 70 games...