Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Tunica Albuginea who wrote (12703)	8/13/1999 6:23:00 PM
From: Tunica Albuginea	Read Replies (2) \| Respond to of 18016

Hagar,here's more:Assos.Press:VP Ousted Over Chicago Power Outages TA ---------------------------------------- Friday August 13 5:41 PM ET VP Ousted Over Chicago Power Outages dailynews.yahoo.com CHICAGO (AP) - A top Commonwealth Edison official resigned Friday, a day after a power outage darkened hundreds of office buildings, created chaos in downtown streets and forced the Chicago Board of Trade to close early. Paul McCoy, vice president in charge of the distribution system, resigned in the wake of Thursday's blackout and an outage that affected 100,000 customers during July's brutal heat wave. ``Obviously, if we had been performing better, he would still be here,' said Robert Manning, a vice president of Unicom, ComEd's parent company. ``Obviously, we're disappointed with the performance of our system, of our organization in that regard. And consequently, Paul has resigned.' ComEd officials said they had restored power to all downtown customers by 4 a.m. Friday. However, they were struggling with more outages later in the day on the city's South and West sides. About 1,400 customers were affected. Manning, who will take over part of McCoy's duties, said ComEd is bringing in contractors to help find trouble spots in the system. The Building Owners and Managers Association of Chicago estimated that the outage cost businesses an estimated $100 million. Traffic was snarled, and office workers had to make long and difficult walks down skyscraper stairwells. At the Board of Trade, the outage was followed Friday by another problem, when a glitch in data transmission technology provided by MCI WorldCom Inc. (Nasdaq:WCOM - news) caused a halt to electronic trading. The problem also occurred earlier in the week. Also Friday, ComEd was sued by two companies who claimed they lost money because of the outages and a man who says he injured his knee as he stumbled around in the dark. The lawsuit seeks class-action status. Manning said the utility is not legally responsible for damages because of power outages. Earlier Stories