Word: paso
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That left two outfits in the running. The first was the El Paso Co., one of the nation's largest gas transmission firms (1976 sales: $1.4 billion). It advocated an "all-American" solution: building a gas pipeline alongside the existing Alaskan oil pipeline to the port of Valdez, where the gas would be liquefied and shipped in special tankers to California...
Northwest was a last-minute starter in the competition. Ironically, Northwest had been a division of El Paso until 1974, when the Justice Department forced El Paso to divest itself of Northwest, and McMillian managed to gain control. Two years later, McMillian entered the pipeline race, and he learned fast. To enlist across-the-border support, he joined forces with two Canadian companies and christened his project Alcan. McMillian proved unabashedly opportunistic. When he heard, for example, that influential congressional staffers favored a route south from Prudhoe to Fairbanks, he seized on it. His approach inspired a Washington quip: "McMillian...
Frightened by El Paso's "all-American" project, the Canadians, who did not want to lose the jobs that pipeline construction would bring, dropped a request for immediate construction of a spur to Mackenzie Bay. California did not want the liquefied natural gas tankers from the El Paso project off-loading in its ports. Besides, according to Government projections, the El Paso gas would be costlier to the consumer. Even so, Energy Secretary James Schlesinger estimates that Alcan gas will cost the U.S. consumer about $2.50 per thousand cu. ft., about twice the price of present domestic...
...victim -John LaMay, 17-had been seen in the company of two homosexuals: Patrick Kearney, 37, an electronics engineer for the Hughes Aircraft Co., and his roommate, David Hill, 34, unemployed. In May, as the investigation went on, Kearney quit his job and took off with Hill for El Paso, Texas, where they went into hiding. But last week the two men were arraigned for murder. They had calmly walked into a sheriffs office in Riverside, Calif., and pointed to their photographs on a nearby wanted poster. Said Hill: "We're them...
Given such groping, appeals, recesses, opinion-writing time and hearings on remedies, experts believe the IBM case will easily eclipse the 15-year antitrust-litigation record set in the El Paso Natural Gas divestiture case that ended in 1972. "At best, it'll be 1985 before a change in the IBM market structure is finally ordered," says one Washington attorney, "and by that time, the markets will have changed dramatically, maybe making the restructuring irrelevant." For that reason alone, many computer-industry experts forecast another face-saving consent decree, to be negotiated by the Government -a solution that would...