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.

Politics : WHO IS RUNNING FOR PRESIDENT IN 2004 -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (4267)	8/25/2003 3:54:32 PM
From: Raymond Duray	Read Replies (6) \| Respond to of 10965

Kucinich calls for FirstEnergy's Head on Platter [[RGD:This is the sort of leadership this nation needs. Direct action against the crooks.]] forbes.com Ohio congressman seeks to lift FirstEnergy license Reuters, 08.20.03, 5:37 PM ET CHICAGO (Reuters) - Ohio Congressman and presidential hopeful Dennis Kucinich Wednesday asked officials in his state to revoke the operating license of FirstEnergy Corp., saying mismanagement at the utility appeared to have played a major role in last week's blackout. "It is clear that FirstEnergy is a monopoly that has not effectively served the residents of Northeast Ohio," said Kucinich, who represents a Cleveland area district hit by the power outage. FirstEnergy owns transmission lines that have been targeted as a possible source of last week's blackout in the Northeastern United States and Canada. Kucinich said a "long history of mismanagement and neglect" prompted him to ask the Public Utilities Commission of Ohio to revoke the company's license to operate in northeast Ohio. "As a result of deregulation, FirstEnergy, like many power companies, has been driven by a motivation to put profit above the public interest," he added. "This culture has led to a lack of maintenance and deterioration of their infrastructure. These factors, not new to FirstEnergy, appear to have played a major role in last week's blackout that caused 50 million people to lose power."..... Kucinich, one of a number of Democrats seeking his party's presidential bid, is pursuing the nomination as a "progressive" promising to work for universal health care and abolition of the North American Free Trade Agreement.