ML20210N453

Expresses Appreciation for Visit & Briefing on Commonwealth Edison Initiatives on Deregulation,Planning,Mixed Oxides & Nuclear Plant Performance

ML20210N453
Person / Time
Issue date:	12/20/1996
From:	Diaz N NRC COMMISSION (OCM)
To:	O Connor J COMMONWEALTH EDISON CO.
Shared Package
ML20210N243	List: ML20210N238 ML20210N311 ML20210N348 ML20210N370 ML20210N381 ML20210N386 ML20210N397 ML20210N399 ML20210N404 ML20210N408 ML20210N413 ML20210N416 ML20210N444 ML20210N453
References
FOIA-97-178 NUDOCS 9708250236
Download: ML20210N453 (44)

Text

1. g# **evq*g UNITED STATES

/ NUCLE AR MEGULATORY COMMISSION I WASHINGTON, D.C. 20465

• ... /

couuissioNER December 20,1996 Mr. James J. O'Connor Chairman and Chief Executive Officer Commonwealth Edison Company One First National Plaza P. O. Box 767 Chicago, Illinois 60690 0767

Dear Mr. O'Connor:

Thank you for your visit and the briefing on Commonwealth Edison's initiatives on

! deregulation, planning, mixed oxides and nuclear plant performance, it was a pleasure to meet with you and Mr. Wallace.

I certainly agree with you that in today's dynamic market and regulatory arenas there are multiple forces present and we need to continue focusing on the requisite safety of nuclear generating stations. I look forward to updates on the status of Commonwealth Edison activities and performance.

With best wishes for the holidays and the New Year, I remain i

Sincerely, d

ils M"i njd960170 9708250236 970814 '

PDR FOIA PARADIS97-178 PDR '

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lllinois General Assembly Joint Committee - Technical Assistance Group Guiding Principles for Electric Utility Deregulation To gather the diverse input it needed to help craft a legislative proposal, a Joint Committee of the Illino's General Assembly established the Technical Assistance Group (TAG) in late 1995. Comed was part of TAG, along with other gas and electric utilities, State agencies, and consumer, industry and business groups. After seeking diverse input, the group produced ten gulding principles for deregulating utilities.

1. Electric service that is safe, reliable, affordable and accessible to all citizens must continue to be available throughout the State of Illinois.

2. Competition in the electric industry offers opportunities for lower prices, new producte and services and increased customer choice; and these opportunities should be made available to as broad a customer base as possible.

3. Long standing regulatory relationships must be changed to accommodate forces at work that are changing the nature of the electric service market.

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4. There must be a structured and rational transition period which will allow markets to develop in a responsive and rational way.

5. Any legislative proposal to increase competition in the electric industry cannot ignore existing commitments and must address the costs incurred under the current regulatory framework.

8. As competition develops in electric markets, regulation must be streamlined, I reduced and focused.

7. Any new regulatory model must allow each utility the flexibility in pricing its products and services and the flexibility in its organizational structure needed to fairly compete, consistent with prevention of anticompetitive activities.

8. Regulatory reform should be consistent with, and encourage, economic development throughout the State of Illinois.

9. The costs of programs that benefit the public interest should be bome by the broadest practical base.

10. Any legislative proposal that promotes competition must eliminate barriers to the development of an efficient market k ,

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bv the Commumcatons Sernces Depanmem. Corporate Commu. bilhor., illustraung the scop,e of current merger rucanons htmaer Santa A!!cn. Eitonal 06ce. 38 FmV. PO. Box actinties between vanous electnc unhty. gas and m, cucago2 m oil comparues and a model for what is to come.

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t < / j'd N /a How did this whole thmg get started? Here are a few key dates:

f - O Early May 1995-Acuve, pubhc debate began the

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4 L'  ; . t  ! dereguladon process in llhnots when the 11hnots M " - ' -- General Assembly was confronted with the issue of retail whechng.

May 231995--The Illmois Senate adopted Senate Deregulation of the electnc unhty industry is joint Resoluuan No. 21 to form the Jomt Conumttee

thaps the most di!Iicuh challenge that Comed on Electne Utihty Regulatory Reform. The and its employees have ever faced. Yet, wnh Committee's mandate

produce an official and fmal employees' help in grapphng with the tssues, fmdmg r: commendation on deregulation, which is to be solutons and sunply being experts m their area, submitted to the full General Assembly by Comed is poised and ready to mamtam its compet. November 8,1996.

itive edge throughout this complex process. June 13-The Committee formed the non-voting Deregulanon's potennal benefus-increased cus. Techmcal Assistance Group (TAG), which played a temer choice, lower prices for electncity, mnovauve crucial role dunng the past year to defme relevant tssues and make recommendanons that represent new products and services and greater comenience

-make overcommg the many challenges a worthy everyone's concerns m 11hnois.

pursutt. And we have a pendmg November dead- June 27-To ensure that all policy makers understood hne to meet, when a deregulation proposal will be the complex issues and language of deregulanon, the submitted to the Illinots General Assembly Much 111mois Commerce Commission and the Center for has occurred in the way of debates, collaboration Regulatory Studies conducted the first of three tuto-and innovaton to lead us there.. nals. The Ilhnots Department of Natural Resources jotned these orgam:auons to conduct a later semmar.

• August-November-TAG members met on a wtekly basis. The group encouraged input and interacuen a among its members, a majonty of whom, includmg lM d h //[ h[h ComE'd, made presentanons representmg their interests and proposals to the Jomt Commutee.

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1 September The ilhnors Eler/ncty Poig Summit bnngs staAemosced togethe' at Nortnwestem Unwe'9ty j b,MM ~

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August November TAG meen weedy and December i cmates 10 guong pnncoes I The Joct Commm cues a progess moort Imt summanres pokey maAe's' pos$Cns So u: ions ::o Jeregu a: ion's Cla .enges The issues grew clearer when TAG created a hst Comed ts in a umque position with this tssue.

et 10 guidmg pnnciples for reachtng a deregulation Unhke other utihues such as Central Illinots Public pbn, Comed led the way to develop these guide- Service Company (CIPS) and Central Ilhnois Ught hnes." (See sidebar, page 7) Company (CII.CO), which serve 4 and 7 percent of September-The Ilhnois Electncity Pohey Summit e sta e p pu ada mpecwely, ComEMes brought together more than 200 stakeholders at nea y U Percem of the popuhm-more dan Northwestcrn Universityi Kellogg Graduate School * ** ""

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of Management in Chicago. Co-sponsored by The company covers several other unhues power Comed ard 16 other organt:anons, the summit needs when they run out of power. Addidonally, addressed social issues, transtuon costs and the Comed must be prepared for projects such as a PosstBe M airport, a new stadmm and a conumed compettuve marketpbce, among other topics.

residenual houstng boom.

December 1-L.c Jamt Comnuttee issued a 68-page Comed proposes a reasonab!c transition charge Pmgress repen that summan:ed the postuons and through which customers who leave the system pay Presentauons made by the Ilhnois pamcipants, as well as deregulation acuvities taking place in 23 their fair share of the costs that were incurred to

• • ******~ provide for their semce needs before we began to pass from a regulated to a deregulated marketplace,

2) Fairness The K lssues: What the communi Faimess to all customers is another vital issue. It and Comed are Talking About is important that everyone receive the key benefus While deregubuon has sparked many issues, the of a compeduve marketpbce, whether they are rest-idlowmg impact everyone the most: dential (rural or urban), low-income or busmess (commercial or industnal) customers. There is no 4 The Regulatory Compact guarantee in a competidve marketplace that out-of-First, Comed must recover its costs. Under the state p wer brokers will share the same obhgadon regulatory compact and the current system, Comed t serve areas deemed to be high cost.

met its legal obhgat.on to serve every customer- We now are focusing very carefully on solutions brEt and small---in its servtce area. The law, m return, that ensure eihetencies and cost savings for all cus-promised Comed a fair opportumty to recover the tomer classes.

costs incurred as a result of buildmg addtuonal gen.

eraung capacuy to meet extsung and future demand. cxmdapge

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• 6 '1995 Veh;me 3 Cor,nection We want to make sure that the transttion penod

3) Retail Wheeling is reasonable and properly umed to avoid disrup-Retail wheehng, the tssue that started it all,is at uens such as the recent outage on the West Coast.

the center of the debate. If non-utihty compames market electncity directly to customers motivated only by profit, some smaller customers-such as 5) A Shift in Tax Revenue residential and small-busmess--may not warrant Fmally= another usue that is only now receiving marketers' attendon. Without adequate safeguards, substantial consideration is that of a shift in tax rev-there will be no obliganon to serve smaller ct.stomers enue. Currently, local electnc companies generate and no means of accessing lower-cost energy nearly $1 bilhon a year in tax revenues and fees paid to state and local gavernments. In fact, Comed

4) Rellability is the brgest taxpayer in the state. If electncity is bought from or generated by out-of state compames.

Reliabihty complements fatmess. The U.S. electric there is no guarantee that the current revenues ,

power network has grown steadily dunng the last would be mamtamed.

100 years to become the most rehable system in the world. We got to this potnt based on the coop. State and local govemments may have to consider crauve effons of govemment regulators, consumer program cuts, tax increases or a complete restruc-advocates and utihties such as CemEd. We all tunng that maintams state tax revenue at current know that rehable elecincity is essential for eco- levels and is compettuvely neutral. Comed would nonne growth and our quahty of hie. As a result, hke to ensure,in pamcular that the consequences the infrastructures and systems necessary for a of deregulation have a neutt,d effect on tax revenue.

competitive marketphce cannot be rushed.

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reduce debt, accelerate depreciation, amortt:e assets, and O What are stranded costs and " transition costs ?

c ect e c sts ass ciated Mese and e6er ach A strancea costs is the tenn used to refer to an uncompensated

'*9" " * **"* * * * * *E*" ******#*"*

loss of asset value or the creation of a liabihty that results cost exposure will be mintmt:ed.

from a fundamental change tn the regulatory system. Only Ols it fair to ask customers to pay for recovery of Comed's regulated investment, made to meet a regulatory obhgation and made Mth an expectanon that the reguladon would transition costs?

cover the hfe of the investment and provide an opportunity A Yes. The State of 11hnois required Comed to build sufficient for hill cost recovery can be " stranded . " Transition costs', are capacity to meet the statei projected demand. Utihties only the costs associated with a utihty's efforts to prepare for such be recovenng costs associated with investments that regula-a fundamental change and reduce its potential stranded costs' tors have already found to be prudent and necessary to meet These include costs associated w th accelerated depreciadon the unhties' ex. sang obhgaden to serve all customers Extsdng and amortization, and reducing debt. There are other cents rates do not include any investments that were found to be associated with a transition to a competitive market includmg imprudent, excessive or unreasonable. Also, dunng any tran-costs associated with building new infrastructure, developing sition to a fully competitive market, utihties (but not their new services and reorgamnng to meet competition. competitors) will continue to be obhgated to serve all those who cannot, or do not choose to be, served by competmg O Does Comed have stranded costs? providers, and these competmg providers will be relymg on A Comed does not now have " stranded costs ,it has strandable the unhty's transmission and dismbuuon facihnes in order to costs.* If Comed is given an adequate opponumty to recover compete. Recovery of transition costs is one requirement for its transition costs, i.e., if it is given sufhcient flextbility to allowmg such use, which is not pennitted under current law ccmmed on page 7

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Connection 1996 V:i:.;r: e 3 7 i

AG anc i:s ' 0 cuicinc arinciaes w a  ;

l When the joint Comnuttee on Electnc Utility Regulatory Third: 1 ong-standing regulatory relationships must be changed Reform formed the Technical Assistance Group (TAG),it to accommodate forces at work that are changmg the nature of brought together every stakeholder in the dereguladon process, the electnc service market.

TAG members inc'uded Comed and other Illinois electnc Fourth: There must be a structured and rational transition utthues, the Ilhnois Commerce Commission (ICC), consumer penod which will allow markets to develop in a responstve groups such as the Citt: ens Uuhty Board, groups represenung and rational way low-mcome customers, natural gas compamer other electnc supphers, hrge indusmal customers, retailers and large propeny Fifth: Any legislative proposal to increase compennon in the management owners from the Cook County area. electnc industry cannot ignore extsung commitments and must TAG members met on a weekly basis from the summers address the costs mcuned under the current reguhtory framework.

of 1995 to 1996. Dunng the meetmgs, the group encouraged Sixth: As compcution develops in electnc markets, regulation input and interaction among its members, a tnajonty of whom must be streamhned, reduced and focused.

made preuntations represenung their proposals and concems )

to the Joint Committee. Seventh: Any new regulatory model must allow each unhty the flextbthty in pncmg its products and semces and the flexi-The product of this cooperanon was a hst of 10 guidmg pnnciples bihty in its organt:stional structure needed to fairly compete, for reaching a deregulanon phn that addresses everyone's interests.

conststent with prevenuon of anticompeutive acuvtues.

l Comed played a key role in developmg these guidehnes.

Eighth: Regulatory reform should be consistent with, and First: Electnc semce that is safe, rehable, affordable and encourage, econorme development throughout the State of l!1mois.

accessible to all em: ens must continue to be available through-out the State of Ilhnois. Ninth: The costs of programs that benefit the public interest t

should be bome by the broadest practical base.

i Second: Compedtion in the electne tndustry offers opportunities l for lower pnces, new products and semces and increased Tenth: Any legislauve proposal that promotes compeution must l

customer choice; and these opportunities should be made ehminate bamers to the development of an efhcient rnarket.

available to as broad a customer base as possible.

Ccmpeution continuedfrom page 6 Others have proposed deregulanon as early as Comed employees are being encouraged to 1998. Comed does not beheve that vital questions pamcipate by leaming the issues, terms, attendmg regardmg operational details and rehabthty will meetmgs, asking questions and bemg aware of the be answered in such a short ume penod. Small changes going on. Read newspapers and corporate customers, for example, could be faced with pubhcations, and take advantage of the regular paymg for local fixed costs tf large customers dereguhuon coverage on CETV.*

select non-local utihty supphers.

Externally, Comed continues to work with all Nationwide, Comed is involved in a debate over groups involved m the deregulation process. The legislation sponsored by Rep. Dan Schaefer (R-CO) company will attempt to take whatever agreements that would shift deregulation from the state to a are reached with the business community, utilines national level. In effect, the federal govemment and the rest of the indust:7 and extend them to would estabhsh one set of rules for all states include the residental base and union concems and regardless of a single states needs. This legislation address, in a meamngful way, the social issues that is expected to shift tn detail as the debate conunucc. impact custorners.

The Joint Committee now is considenng its Generau.ng a Ught-Filled Future recommendauens for the General Assembly and the

To be a successful, compettuve player, you have November 8 deadhne. The General Assembly,in tum, to be part of a strong team. With all Comed may vote on the Committee's recommendations dur-employees "in postuen," we are workmg hard to ing its fall veto session or dunng the first quarter of preserve our status as a top electne utihty nation-1997 r(gular session. Regardless of the contmued wide. Intemally, the company already is domg pace of this process, Comed is conhdent it vil be a number of thmgs to posinon itself better, such one of the major, compennve players focused on as reducing debt, acceleranng plant depreciation, generating a hght-filled future for all of us.

avoiding long-term borrowing, controllmg operaung costs and seekmg substantal gains in productivity

8 1995 W!u==J Connection

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l l Deregulauen has a language all its own. which Direct Access 1. Custortters' abihty to purchase i

makes the process that much more difhcult to electncuy from the suppher of their choice 2, A understand Pohey makers attended a senes of component of ComEds Energy Partnership Plan semmars over several months to leam the terms and that allows large commercial and mdustnal cus-tssues Here. we present you wah a short course- tomers to purchase electncuy to meet new energy the defmittens of some of the terms most commonly requirements from supphers other than Comed.

referred to durmg the deregulanon decate Begms January 1998. pendmg passage of appropn-ate legislanon and ICC approval Direct access for Comprehensive National Energy Policy Act all customers could begm 2003-2005 (EPAct) Federallegislauen m 1992 that cpened the 1;.5 elecmc unhty industry to mereased compeu- Electric Power Supplier JP$) 1. Sen-uuhty non at the wholesale level and left authonty for provider of electncuy to a compennve marketplace retail compennon to the states 2. ComEds Energy Pannership Program proposes dat the ICC cemfv EP5s to compete begmmng Deregulation 1. The process by which govern- m 1998 ment. busmess and the communny move from a government-regulated system of monopohsuc electnc Energy Partnership Plan (EPP) ComEds proposal power uuhues to a compeuute marketplace to bnng the benefus of deregulauon to near!y everv 2 It may produce a 3 nered set of compames m customer class through a senes of tmusuves that most of the t7 states now considenng the issue; began wnh the announcemem of a rate free:e m Whdesalers that generate and sell power en a spot December 1995 and will contmue wah a senes of market: retailers that buy power wholesale and market-dnven customer test pregrams and sernces market n to consumers. and ware compames that and a irect access program beg =nmg m 1998 charge wholesalers and retailers fer access to their distnbunon hnes 3. Deregulanon has occured Federal Energy Regulatory Commissicn wath mtxed rates et success m other majer mdustnes sEERCi A federal execuuve agency responsible for mcludmg telecommumcations atrhnes bankm? regulaung de acunnes of key pornons of the truckmg and rattraals nauens elec:nc and natural g:5 unhues and hy&o-electnc power producers

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Deregulanon has a lanpage all its owTt, which Direct Access 1. Customers' abthty to purchase makes the process that much more difficuh to electncity from the suppher of their choice 2. A understand Pohcy makers attended a senes of component of ComEds Energy Partnership Plan semmars over several memhs to leam the terms and that allows large commercial and mdustnal cus.

tssues Here. we present you with a short course- tomers to purchase electncuy to meet new energy the defmtuons of some of the terms most commonly requirements from supphers other than Comed referred to dunng the deregulanon debate Begms Januarv 1998, pendmg passage of appropn-ate legislanon and ICC approval. Duect access for Comprehensive National Energy Policy Act all customers could begm 2003-2005 (EPAct) Federallegislauen m 1992 that opened the U S. electne utthty industry to mereased compeu- Electric Power Supplier (EPS) 1. Sen-uuhty uen at the wholesale level and left authonty for prouder of elecmcity to a compenuve marketplace retail compeutton to the states 2. Comed's Energy Pannership Program proposes that the ICC cemfv EP55 to compete begenmg Deregulation 1. The process by which govem- m 1998 mem, busmess and the ccmmumty move from a government-regulated system of monepchsuc elecinc Energy Partnership Plan (EPP) ComEds proposal power unhues to a compeutive marketplace to bnng the benefus of dereplanon to nearly everv 1 It mar produce a 3-nered set of compames m customer class through a senes of imuauves that most of the 47 states now considenng the issue. began wuh the announcemem of a rate free:e m Wholesalers that generate and sell power on a spot December 1995 and wul contmue with a senes of marken retailers that buy pov.e: wholesale and market.dnven customer test programs and semces market u to consumers and wue compames that and a direct access program begmnmg m 19E charge wholesalers and retatlers fer access to then distnbuuan !mes 3. Deregulauen has occured Federal Energy Regulatory Commission wath mtxed rates of success in wher mayr mdusmes sFERCT A federal execuure agency respensible for meludmg teleceminumcanons. atthnes bankmg. replaung the acunnes of key peruens of the truckmg and radreads nanans elecmc and nattual gas unhues and hydro-electnc power producers

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Gri: .dso The Grid The network of transmission customers to purchase 10 percent of their current lmes throughout the Umted States and Canada that electncity plus all incremental electncity at market-moves power from unhty compames to potnts of based pnces. Targeted at large commercial and semce. The Gnd is divided into several secuens to industnal customers, the program began in the ensure rehabihty within a given region. spring 1996.

Illinois Commerce Commission (ICC The reg- Regulatory Compact An agreement under ubtory body in 111 mots that oversees electne utthty which electnc utihtics in llhnots such as Comed compames, among other industnes. A member of have been required to provide power rehably to T> , the ICC ts concerned with the impact deregu- every customer m their semce area and were per-lanen will have on the state's busmess commumty mitted to earn a profit on those sales, but with the and economy. pnces and the profits regulated by state government.

Independent System Operator (150) An Retail Wheeling 1. Transmission of electncity tndependent enuty that is responsible for moving directly to a customer by a retailer that is not neces-power throughout a gnd as unhties respond to sardy the company generaung the electncity Can orders from customers outside their traditional occur across communines and state hnes. 2. Could semce terntones. have significant impact on state or municipal tax revenue if power is purchased from out-of-state.

Joint Committee on Electric Utility Regulatory Reform 1. An advisory comnuttee '

Technical Assistance Group (TAG) A group formed as a result of 11hnois Senate jotnt Resolunon ofIlhnots stakeholders including electnc utihty No. 21 to explore deregulation issues in 11hnois. compames, consumer groups, large industrial and The committee was mandated to produce an official commercial customers and government ofhcials.

and fuul recommendanon on deregubuon, to be They met weekly dunng 1995-1996 to defme submitted to the Ilknots General Assembly by deregulation issues and make recommendations on November 8,1996. 2. The committee formed the the transition to a competinve marketplace to the r.'n-vonng Techrucal Assistance Group. Joint Commtttee on Electric Utihty Regulatory Reform, which initially formed the group.

Public Utility Regulatory Policies Act (PURPA) Legulanon in 1978 that partially deregu- Transition Costs Costs incurred by Comed and hted the generanon segment of the electne utihty other electne unhties to meet Regulatory Compact

] industry and created a class of nonuuhty producers obhgations, which required the utihties to meet cur-

' called quahfytng facthues, which generate and sell rent and future load demand. The uuhues ensured power to utihties on an avoided <ost basis. sufficient power generaung capacity by budding additional power pbnts, whose debts are currently leal-Time Pricing 1. Settmg pnces for utihty recovered through a regubted rate of' return that sem e that vary by the hour (or even smaller ame would not contmue in a compennve marketpbce.

intervals) accordmg to changes in the utthtys pro- They could be recovered with a special charge dur-ducnon costs. 2. A component of Comed's Energy ing the transinon to compennon.

Partnership Program that allows parncipating

. 10 t Fii Vc: .e 3 Connection Archer Bandura Born Connouy Couner HEMER Kovak Manning Employees observtng service anniversaries dunng August are:

Mesii Mochocki M*re 7 's.i' .

3 4't 35 YEARS -

2 August 7 r Dennis Dorkowski, CD&C Construction-Chicago Plikuhn Potento South 30 YEARS Suzanne Petersohn, Strategic Support-Oakbrook August 1 John Daly,15-Business Unit Support-General Ofhce Larry Tilsk, DMC- e d-Glenbard Clarence Hamann, DMC-Overhead-University Park A 2

Margaret 11eath, Payment Center-General Office Alan Frayer, Substation onstruction-Crystal Lake Richard Manegold, Mechanical Maintenance- Gary Harris, substation Construction Libertyville Collins Stanon Charles Rudd, DMC-Overhead-Rockford Construction-Chicago Gregory Migala, Su ta August 2 South Frank Brandolino, Mechanical Operating-Joliet August 25 Station #29 Richard Sperath, CD&C Engmeering-Chicago August 8 Nd Leroy Ferry, Trouble Response-Joliet Au t 29 Richard Fistler, DMC-Underground-Chicago North Allen Christiansen, Tro le Response-Rockford Ronald Ment:er. Training-Oakbrook Commercial Kathleen O'Callaghan, General Accounting-August 9 General O!! ice Norman Dandurand, Regional Operations-Joliet August 30 Jeanne Kenny, General Accounting-General Office Daniel Dimarzio, Transportation Field Service.

August 15 Technical Center Jerome Dorgan, System Billing & Credit-Oak Creek Daniel Lajcin, Regional Operations-Joliet Anthony Mankus, T&D Operating Training- 25 YEARS Technical Center Calvin Mays, Sr., Regional Operations-Joliet Joseph Cavaliero, Substa on Construction.

August 16 Chicago South Frank Arduino, CD&C Engineering-Chicago South Steven Devine, Training Byron Station

Connection 7 ? ? ) it=, ; 31

= Anniversaries Y $  ;)

gun Fleckal Gerling Kerin Kocinski i

kkahy T. Mulcahy Needham O'Brien Osborne u' -

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{. Kent Nichol, DMC-Overhead-Crestwood

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~. ', Office i' - , Eugene Dubray, Customer Services-g Chicago Nonh Jamie Heber, Substation Construction-Sanders Tuttle Chicago South Charles Jester,Jr., Mechanical Operating.

Waukegan Station th Flannagan, CD&C Engineering-Elgin Michael Lynch, CD&C Engineering-Nonhbrook n Mulcahy, CD&C Engineering-Chicago Robert Needham, Substation Onerating-Chicago South North Rogers, Mechanical Maintenance-Waukegan Steven Voris, DMC-Overhead-Elgin Station August 17 toger Tucker, Laborers-Quad Cities Station Judy Hofbauer, Transportation-Chicago South August 3 Frank Panish,Jr., Operating Clerical-Joliet hn Courter, Mechanical Maintenance-Byron Mary Plikuhn, Distnbution Project Design-Chicago Station South el Marunde, Administration-Joliet Station #29 August 18 obert Vivian, Site Construction-Byron Station Craig Morrison, Substation Construction-Joliet August 7 August 19 Gerald Porento, Deputy General Counsel Charles Archer, Payment Center-General Office August 9 Ronald Smejkal, Work Control-Zion Station Keith Dye, Substation Construction-Joliet August 20 Eugene Fenwick, Substation Construction. William Raabe, Regional Operations-Rockford Rockford August 23 James Kocinski, CD&C Construction-Chicago William Bonko, System Materials Analysis-

' South Downers Grove Roger Kovack, Comptroller David Brockman, Call Center-Oakbrook August 10 John Henderson, Admmistration-Powerton Robert Glennon, Customer Services-Chicago South Station Famela Schneider, Treasury-General Office Roland Janota, DMC-Overhead-University Park August 12 Thomas Mulcahy, DMC-Overhead-Chicago South Robert Harns, DMC-Overhead-Elgin Regina Reynolds-John, Treasury-General Office Raymond Rhode, Substation Construction-Joliet connnwd on pqe 12

-12 1995 Ve!;rt:e

. 3 Connection ADDIV973NIE3 connnuedfwm page il Gerald Strohman, Maintenance Produedon Training Center -

William Howard, DMC-Overhead-Crystal Lake -

Shirley Hughes,- Payment Center General Office Randall Tank, Health Physics-Quad Cities Station - Ohve Pinkowski, Customer Services Elgin

- Joseph Tuttle, Mechanical Operating State une September 13 Station Roosevelt Adams, Fuel Handling-Joliet Station a29 Steven Venhuizen, DMC Underground Rockford Michael Stalzer, Substation Construction Chicago August 25 .. South Kenneth Klinesmith, System Engineering-Zion .

September 14 Stadon Cathy Ann Prehn-Johnston, Call Center Oakbrook August 26 September 15 George Kuhel, Fossil Construction-Downers Grove Edward Anderhk,CD&C Constmetion-Mt. Prospect Joseph Lewis,Jr., Health Physics Support Downers September 19 Grove .

Thomas Lobacz, DMC-Overhead Maywood Gary Sisson, Substation Construction-Rockford Spencer Mack,Jr. DMC Overhead Rockford August 27 Joseph Trexler, Public Affairs-Waukegan -

Lawrence Lewis, Training-Dresden Station September 20 -

August 30 Robert Spapperi, CD&C Engineering Mt.

joseph Bapple,Jr., Stores-University Park Prospect-John Chajec, Regional Operations-Chicago North September 26 Frankjadron, Substation Construction Joliet Terry Collard, CD&C Engineering Libertyville L Terrence Kehoe, Substation Construction-Chicago James Kunke, DMC-Overhead-Joket South

~ joseph Roach,Jr., DMC-Underground-Chicago Shelly Mesik, Customer Services-Chicago North North Denis O'Brien, Nuclear Human Resources Downers

- September 30 Grove Willie Childress, Data Processing-Central Mail Frank Ottengheime, System Transportation- Facility Technical Center Michael Pierson, Substation onstruction-Joliet 25 YEARS Marisa Canestrini, System Billing & Credit Oak Creek September 1 Kenneth Gerling, Regulatory Assurance-Byron David Acker, Instrument Maintenance Waukegan Station Station .

James Kmiecik, Substation Construction

• Clyde Behrens, DSA-Southern Region-Johet '

Ubertyville Larry Rylander Turbine / Generation Will County Station James Miller, Substation Construction-Jouet September 2 Jeffrey Beck, Personnel Development-Leadership .

Employees observing service anniversaries in September Development Center .

are: Kenneth Overland, Instrument Maintenance-State Line Station Luther Piper, Regional Operations Chicago North 35 YEARS William Waver, Federal & State Taxes-General September 5 OBee -

Harry Davy, DMC-Overhead-Streator ' September 7 1 mmar Austin, Fuel Handling-State Line Station .

- William Crawford, n-Technical Center I Richard Balthazor, CD&C Constmedohtwood Edward Florian, Transportation Field Service-

' Technical Center 30 YEARS Steven Gunther, Stores-Ubertyville '

September 6 Linda Manning, Transmission System Vice PUdent Karen Lausen, Customer Services-Chicago South Gerald Piepenbrink, DMC-Underground-University Park September 7 HarryJordan, Mechanical Operating-State une Thomas Polewski, Support Services-Production -

Station - Trtining Center James O'Brien, CIS Project-General Office William Sanders, Meter-Chicago North September 12 Alice Taylor, CD&C Engineering Waukegan Robert Dyrcon. Tech Labs-FS Corrosion-Technical Center ""

Jn Memory In memory of thefollcwtng em{dcyees and annwtants who passed away in recent months:

Marion Ahrens,85, June 12, retired from Local Service-Walnut Robert Hill,82, September 20, retired from Meter-Joliet Robert Alexander,55, September 10, retired from Jimmie Ingram,50, August 6, retired from Fuel Mechanical Maintenance-Zion Station Handling Waukegan Station W2ren Allen,81, July 17, retired from Operational Analysis Technicrl Center Gino ingratta,65, July 27, retired from Instrument Darwin Anderson,64, September 11, retired from Maintenance-State Line Station Overhead.Harvey Frankjarzyna,74, June 28, retired from Substation Operating-Chicago South George Banks,83, July 21, retired from Operational Analysis Technical Center HarryJensen,93, August 29, reared from Mechanical Eugene Bar ,69, May 1, retired from Administranon- & Structural Engmeering-General Office Joliet Station #9 llunterJohnson,82, August 15, retired from Fred: rick Behn,82, August 21, retired from Substation Construction-Chicago South Purchasing-General Office Marvin Johnson, 88, September 8, retired from Rcbert Behille,77, September 21, retired from Substation Operating Chicago Central Technical Staff.Powerton Station WilburJones, 74, June 21, retred from Engineering-Northbrook Dorothy Borman,72, June 16, retired from Purchasing General Office RoyJones,90, August 31, retired from General Service-Chicago Central Gladys Branick,81. February 1994, retired from i Building Service-General Oftice laune Kelly,42, September 16, CD&C Engineering-Northbrook Nannie Brown,82, September 5, retired from Building Scryice-General Office Petronella Kennedy,83, July 12, retired from Michael Byrant,47, August 28, Mechanical Customer Service Chicago Central Operating Waukegan Station Edwin Kostm,78, June 30, retind from Mechanical Operating-Fisk Station Wayne Crawley, 74, September 10, retired from Substation Operating-Joliet Wilfred Kunes,67, June 27, retired trom Computer Systems-General Office Rob 3 Dessing,65, July 20, retired from Overhead.

kndota Louis Kuska,75 September 1, retired from Benjamin Dunbar,97, July 14, retired from Electrical Maintenance-Fisk Station Operating-Northwest Station Paul Leonard,72, September 7, retired from Thomas Dutkiewic:,58, September 24, retired Industrial Relations-Rockford from ROA Chicago South Waher Leverenz, 79, July 17, retired frorn Customer Service-Chicago Central Elmer Engdahl,91. August 31, retired from Data Processing-General Office Orval Lucier,81, September 8, retired from General

' Roland Engel,72, August 2, retired from Mechanical Procedures-General Office Operating Collins Station Emile MacDonald,93, August 30, retired from s

Meter-Chicago Central Julius Fandell,83, July 6, retired from Division Marketing Chicago South Gilbert Mather,66, July 19, retired from Mechanical Maintenance-Will County Station Roy Finchum,61, August 26, retired from Operating Services-Harvey Albert Miller,76, August 2, retired from Overhead-Glenbard Jame Foley, 72, September 7. retired from Meter-Chicago Central John Patterson,90, June 20, retired from Division Sales-Chicago South Harold Giss,88, June 17, retired from General Service-Northbrook Anne Rago,92, July 1, retired from Operating Clerical-Chicago North Lee Harris,71, June 19, retired from Transportation-Sangamon Street George Reimers,76, August 23, retired from Floyd Harvey,76, August 24, retired from Fuel Substation Construction-Chicago North Handling-Waukegan Station Willis Rutledge,66, August 9, retired from Load Dispatching-Rockford G;ne Harvey,84, January 25, retired from Load 1 Dispatching-Rockford Eugene Ryan,87, June 10, retired from Meter-Chicago South Thnothy Heiss,37, July 14, Substation Construccon-Dresden Station Jay Rys,43, August 26 Health Physics-Dresden 2 Station

LeRoy Hennessy,69, July 11, retired from

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.?? Unicom Organistion Chart slr Unicom Thermalischnologies y, FinancialCata f Consumerinformatlan gd Whats New You can access the Unicom Home Page on tne World Wide Weo: http:Nwww.ucm.com Commonwealth Edison Cornpany Bulk Rue One First National Plaza v.s. POSTAGE P.O. Box 767 PAID Chicago, IL 60690-0767 cuc2go, It Pemut No.115 Comed pnnted on recyclable pacer please recycle 1 --

l Illinois Coalition for Responsible Electricity Choice

{ A Fair and Realistic Approach for Moving to a Competitive Power Market l Economic Security System Reliability Benefits for All Customers Phased-in Transition:

Billing, pncing (1997) and direct access (1998) expenments begin

• Direct access phased in beginning 2000

' Permanent direct access begins with customers with large power needs; additional customers phased-in annually; all customers able to choose their electricity supplier by 2005

• Ensures reliability is presered and customers understand choices

' Comed and Illinois Power have set aside a total of 250 MW for direct access experiments in 1998 Lower Costs

• Freeze on rates fron: 1997-1999; from 2000-2004, cumulative rate reduction of about 7.5%

• Fairness in eamings:

• when untities' eamings exceed specified limits, customers share the benefits with rate j reductions equivalent to half of " excess" earnings

' if ut:lities' earnings fall below specified limits, utilities can apply to Illinois Commerce Commission for a rate increase Flexibility to Cornpete

'From 1997-2005, utilities have greater flexibility to compete

• lncentives to offer new and innovative service options

• Provides access for new suppliers to transmission and distribution system at tariffed prices Recovery of Transition Costs

• Only customers who choose direct access pay

• Flxed recovery period for five years after customer first eligible for direct access Illinois Commerce Commission's Role

• Ensures reliability and safetv of the system is maintained

' Review and approve changes to existing tariffs and approve tariffs for new services

' Certify new suppliers

• Complaint jurisdiction over all suppliers

' Regulate transmission and distribution together with Federal Energy Regulatory Commission Good for Illinois

• New suppliers monitored to ensure they deliver on promises

• Lower rates and more service choices keep businesses here and attract new businesses

• Proposed tax reform to protect state and local government revenues

'Protections that enable low-income customers to obtain affordable electricity

• Levels playing field for all suppliers I

1995 lilinois General Assembly 1995 Joint Committee 1996 Technical Assistance Group TAG TAG Principles 1996 Joint Committee Illinois Coalition for I 8 Interest ps El c ce in 1995, the Illinois General Assembly identified the opportunity to deregulate the state's electric utilities and established the Joint Committee on Electric Utility Regulatory Reform.

This bipartisan Joint Committee is comprised of 12 legislators whose objective was to develop recommendations for deregulating Illinois' electric utilities by November,1996.

To gather the diverse input it needed to help craft a proposal, the Joint Committee established the Technical Assistance Group (TAG) in late 1995. Comed was a part of TAG, along with other gas

- and electric utilities, state agencies, and consumer, industry and business groups. After seeking diverse input, the group produced 10 Guiding Principles for deregulating utilities.

The Joint Committee was originally scheduled to submit its recommendations to the Illinois General Assembly on November 8, but this date was delayed.

The Illinois Coalition for Responsible Electricity Choice, of which Comed is a member, developed its deregulation preposal based on the 10 TAG Principles. Other Coalition members include Illinois Power, Illinois Manufacturers Association, Illinois Retail Merchants Association, Illinois Industrial Electricity Consumers, MidAmerican Energy Central Illinois Public Service Company, Chemical Industries Council of Illinois, and Union Electric Company.

The Illinois, Coalition for Responsible Electricity Choice has presented a legislative proposal based on principles adopted by TAG.

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BIOGRAPHICAL SKEy,Qjj Michael J, Wallace Senior Vice Preeldent ,

Corporate Strategic Services Commonwealth Edison Company EXPERIENCE:

l 1996 to Present:

Senior Vice President, Corporate Strategic Services

• t Responsible for all aspects of positioning Comed's nuclear operations division for long term success, reporting to the Chairman and CNef Executive Officer. Long term issues include strategic planning, fuels procurement, decommissioning act vities, high and low level waste disposition, development of strategic partnerships and alliances and industry initiatives ingarding advanced light water reactors. Additional responsibilities include President of Cotter Corporation, a whoily owned subsidiary, involving uranium mining and m:lling operations. Beyond the nuclear area, company wide responsibilities include environmental '

services, life cycle management, and corporate research and development.

1993 to 1996: Senior Vice President, Chief Nuclear Officer Responsible for all nuclear related activities for the Company As head of the Nt clear Business Unit, had overall responsibility for Operations, Maintenance, Licensing, Engineering, and Plant Support, for each of the

(

Company's six nuclear generating stations (12 nuclear units - 11,500 -

megawatts) and the corporate office, 1992 to 1993; Vice President, Chief Nuclear Operating Ofncer Responsible for all activities related to the operation and support of the -

Company's six generating stations (12 nuclear units). Functions as the single executive focal point for setting operating policies, objectives and prionties for these sites (Byron, Braidwood, Zion, LaSa:le, Cuad Cities and Dresden).-

a 1990 to 1992: Vide President, Nuclear PWR Operations i

Responsible for all activities related to the operation of the Cornpany's Nuclear Pressurized Watei Reactors (PWR's) at the Byron, Braidwood and Zion Generating Stations (6 nuclear units).

i

seone careviivt orrics sa ao.a. siasecsite in-u-n 4. o e

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2-1989 to 1990: Manager of Engineering and Construction Responsible for engineering, construction, and project management activities supporting the operation, maintenance and modification of the Company's 12 nuclear units.

1987 to 1989: Manager of Projects and Construction Services Responsible for completion cf the Company's Braidwood Nuclear Power '

, Station, including startup testing and placing into commercial operation both units. Also responsible for managing all company construction contractor activities in support of the operation, maintenance, and modification of the Company's 12 nuclear units,24 fossil fired units, and 6 commercial divisions-1982 to 1987: As,istant Manager of Projects, and Braidwood Project Manager Responsible for the overall management of the design, construction, and initial opeiation of the Company's Byron and Braidwood Nuclear Power Stations. As the on-site Braidwood Project Manager, also:

responsible for the day to day management of all work groups and contractors involved in design, construction, and testing activities.

1981 to 1982: Superintendent, Waukegan Station Responsible for managing all activities associated with the operation, maintenance, and modification of three (3) coal fired fossil units and four (4) gas fired peaking units, totaling B75 megawatts. "

1979 to 1981; . Assistant Superintendent, State Line Station Responsible for managing activities associated with the operation.  :

maintenance, and modification of two (2) coal fired fossil units, totaling i 490 megawatts.

1978 to 1979: Project Coordinator, Byron Project .

Responsible for the coordination of activities related to the development and implementation of the plans schedule, and budget for two (2) 1100 megawatt nuclear units, 1977 to 1978: Field Cost Engineer, LaSalle, Byron and Braidwood Projects Responsible for the deYelopment and implementation of the Company's

- project cost reporting system for the mechanical and electrical contractors at three (3) nuclear construction sites.

FROMs ExtCVTIVE OFFICC FGX N0.8 312*94311e 11-10-94 13:11P P.05 6

s 1974 to 1977: Quality Assurance Engineer, NSSS Programs Responsible for development and implementation of the Quakty Assurance Program for the NSSS activities of the Citnch River Breeder Reactor (CRBR) Project, on behalf of Project Management Corporation in Oak Ridge, Tennessee.

1969 to 1974; Line Officer, Nuclear Submarine Force U. S. Navy Held a variety of positions in the United States, Navy Nuclear Propulsion Pregram including responsibilities for the supervision, operation and maintenance of the nuclear power plant of a polans missile submarine.

Qualified Engineer Officer.

EDUCATION:

B.S. E.'ectrical Engineering, Marquette University,1969 MBA (Speciahzation: Finance), University of Chicago,1978 Nuclear Power School, United States Navv,1970 OTHER ACTIVITIES:

Cotter Corporation, President Advanced Reactor Corporation, Vice President and Secretary Commonwealth Research Corporation, Vice President and Director NPOC Ad Hoc Committee for New Nuclear Power Plant Deployment Nuclear Electric Insurance Limited, Director Nuclear Mutual Umited Director Nuclear Energy Institute Plutonium Disposition - Work Group, Chairman Nuclear Strategic issues Advisory Committee Nuclear Strategic issues Steenng Group Executive Task Force - Regulatory Reform Executive Task Force - Regulatory Environment Utihty Management Board for the Advanced Light Water Reactor First of a Kind Engineering Program American Red Cross, Mid America Chapter, Director Boy Scouts of America, Northwest Council. Vice President Amencan Nuclear Society Registered Professional Engineer tilinois -

University of Chicago and Marquette University Alumni Associations Economic Club of Chicago University Club of Chicago

s.<.*>= 4.v Frons Extcutlut orFICE rax wo.: 3 2390311G 11-14-96 12809P P.et s

_ Comed o

FAX - --

Number of pe;;es meluding cover sheet: 5 Tot From:

Vicki Michael J. Wallace

_ Commissioner Diaz Office Senior Vice President Mary Snyder F.secutive Assistant Phone: Phone: (312)394-4200 Fax phone (301) 415.R 499 Fu phone; G12) 394 3110 CC_:

RDIARKS: O Urgent O l or your resiew O Reply ASAP O Please comment Vicki, Per the Commissioner's request, attached are biographies on Messrs. O'Connor and Wallace.

If you need any further information, pleasc contact me at (312) 39 t 7696.

Mary Snyder l

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0 fMTl'S AETRO CHICAGO S 5iShS'S AUTHORITE

@stum VOL 19, NO.

M i4 Fi"NQ 'I LBH AMRO eyeing .

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N Oomerica lilinois -

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% Con'monweahh Edison's monopolv

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7, '""i'l$ 1" 'T".;",?, g&' .

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charses virtually ihe highest rate.E

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Affg'.y- in the Midwest. CEO Jim O'Connor sI

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\ G ?:.f.' 4 y needs to keep it that way. Delaying

( $. "',n',Ylm Y,,"%'n ",'" "" '% '

'y .q% competition could rescue Comed

. -g&Q Allard willleave i.

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'~ V, fromfinancialshock-and recharge y p ,. _  :

l planning council 0 Jean Altwd. peukne of ur g j#p7 y .

g . , , ., c: . , ,

his management reputation.

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~t Melngadaan Planmng C.=nwil  ;/. / 6;D'ti ty Tota ANDAEou (McCL pl.uis en kaw lav pne. )

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teon. and de aanwil h nemhms hey canw nu msTU Mryu/to Newthwestem for a new leakr in hnid de omi- ,,, ~ > -

s, . -] r tumsl pod eW pvwks and can. Univenity on a rainy mornens last 5epember to mee ouve dmna, Ms Allwd. 71. /' 1y /,/ '

if Commonwealth Ednan Co 's James r O'Conniw will can uw pod mir's la-ki name ,.

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IWI saew a unwwer en e6mma  %.f ' .'",P uu ' Mg , ',

bad anytlung new to n.ay, Top utday execuuves and engmects. lugh pneed munrneys and a maanagement traminam en * '

and ciumukants sennr kg61.nius and guereaucrain-meme ciarp6cte 5he will rekune tisirr p 200 skuk nunn padt: red anud die swad and grunge of tic Ceewmpestem 1%erc 42

,, L, Evansaan Compa for a pulty summu un the lucal Imlustry's 4

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snme electnfymg questen: Are Ilhnun' power snonopnises ready for the frue market?

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,, % p g Up firsa was the preudent of an lows muisty, whech h.mJ immighi imo the ethno. sortei urt er tan year in a O High.pmf.k tuntrupines emi l \' / A cass-tior*r energet espected ses

• tim 5500 iniuson in

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in teieNNtanicy arista of on

,ue. n , -l.a.n, ,tm, 15 leartfig Ltw thirts tiff likel h.,b. c--> + -

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erdaders' thm;ts. l' age 4 r.-- /

iCHICAGO'S LARGEST There,11 be plenty of rooms at the.i m s Q M-CEY Clinton's crowd scares off visitors =

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,We J by 199M binn95

, - (in rnitisons) Sy JEFF WORDEN precedmg and foHowmg. Some es. sg 'hy g r

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Q SeteCreep 8 71.4 Sl'de 4 to 6 p rcentage points.

When 35.000 aneMees march "Theie's always a concem when

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' Q 0. sten elChicagolac. 844.7 imo town for the Democraue Na. thew mege<venu come to town.'

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i.unal Convenuon m August. Chi- says Amold Kan, esecuuve direc. ge a Itoteri Maff eato will bad for four days in the g i . k v laseensuesat tac $H s See Visitors on l' age 4/ 3

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bWing sun of media empmure. '

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Mye  % g m, But ttwet's a downude to the Fear and loathing: "What we're

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drumbesi of hype precedmg the concerned about." says Drake -

EM 3 rnectmg Hotel's John Lovell, "ts people P AcsvStatlinc. u m, h.wei.ers . .<n thew hud. g -., -

thinkino. 'Chicaoo in August?

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The ensis 4 ...

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at Comed Who paysfor missteps: customers or Jim O'Connor's shareholders? J L',eaumntf.een d'isec i g M.mm s.tused htmlAsia recasi l saily) ('ii . "it6se me nier.s quak,si ima atisen ash e time talem m encia ye.ars by ener imlestual a ushmwis heu casaw ilw sliwi cwsuine ed a %pmyt'wkl unitu3 uni' e'*1r*f mesh a turyer St.

Laws eqwratum insul piislung tai einnaliair lisiwkV owingwinnin t.w IHisiini 1.aus n6Jineks.

trwMy powingtidics "We 16sve wt inar onurse." enusted ClellieJ Greene sh id Cener.il lHimus 5%sik Sen he Co. "and are sua hating that."

t.arry Ha.sh, etwmun and Cl O id llimm 1%rmer Co in Dwsur, s e even navr em-

[dunn.11w Cn1wral Auently. tw wal. slumkl k1 tHg nunut.miurm and inhet laye eintralsy enen tsy.

gun thew unliues and tmy Inun cluaper $ctwraters INSIDE th.n wuuld tie guansneerd axess to kwal panwer lines by maie law.

CentEdemplugsIscallets ; .g,c,,i,,,e atmunt" arged the Downstae es.

Aege 18 ecuent. "Let's stop tanieng upand down llw run-

1. "*I Eplaning the ctist web *",I' gg g in ,,

Mage 26 Wan Jena a menuw. amweied Mr. O'Conemw.

• he charman and CEO of Chwago's Com-Blake satsty meltdown mammtahh Edium. the staie's Lwgest ehtnc Auge 28 outny mph 5691 tuu , en annual sevenues.

The low-energy board "'["(s,Y *

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l'agr 30 Itash mtan. Mr. O'Cimnur canamed.

Wtie's the nest CE0? ,,,

hage 31 suumds,1 nervisw a4 scandied when sahet I highly seyulard endu 4rws-ertines tunk.

A deregulatlan pelmes . ,,,, g.gy,,,,,,,,,,#,,gg g, g.

Arge J5 nurtci d w,plisw.

"larmy es irnestant," tw hiumL

• tin whas etw onumwr mams nunt iii value."

CamEJ's keptime lealer wanwd etw omwnwr atmiss in the auJn nce that a fat tranussim hi a free martai singhi see idkr kmrt prstssows all, certainly nam to att entioners.

He sho venunded the guvernenene pdicynwLen that tunnis utiluses pay

$1.2 tulhun a year in names "Serunn ownnkratam muse tw given to the effsets clunge will visat on the state's fuwnces." Mr. O'Connte was The three dusen Comed emphiyves mim twd pated the audictwe- mTimnt-ing fur about one in five segnaramw-applauded ther tana.

But du dozens of deregulauon baken am ancreduluin as the nions powerful utility eaccinive in thanoes mouthed plataudes, "It wasn't the emancipuuan prtulanwuon to me. recaib Jear Jaduldi.

preudent of Indeck Operanom inc an mdependent power services company based in Buffalo Orove.

"There was no informaion the was ineful" Mr. Jakelski a&h. dramiss-ing the Comed CEO. "eacept own he seemed to recogmat for the fast smut up these that he couldn't be the only vulny enecuuve who says the status quo es going to fly."

s.nept the status quo is enactly what Mr. O'Connor is irying to enforce.

A saa month invesugat on of CtanEd by Camars Cmcaco susmcss shows a company esposed to us nvals' advances, at odds wnh many of its tusmess customers aret under the most pessimasue scenarios, ponenually at nsk of losmg its invenors'stquity in a fully deregulated market.

The responsitality faits on Mr O Connor, a gemal.ommpresent figure on the torymraw and eme sene whose 16 vtar wrm has left Comed un-prepared for the end of the rnonopoly garne it has played 40 prof.

CowummeJ ** Puee 20

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'ensizuedfree Pete 19 eered lobbyuts easty ouinumber the 12 cbly ice a century. person legislauwe commmet charged wuh LITTLE BILL i charl~r a h e eu ma'ed h'r' Despw powerful free market forces al<gned agamst him,in.

ain E as 18 34 bilhon tn same espern becauw chartieg lilinois' electeaety future. flu l the lowev<rve unwei that venund hm luding his biggest cuuomers. Mr. O'C*nor n betung on a Comed's political action commmet isbe<ir. break gambit Dets) temprtsiion untd ComM gets in (PAC) had five times more money m the MORE

~

'" " r" " " ** * 'h' 'a'd r"a e' nep' to p!ay. CommonweaHh

, electrKsi) brio. Con EJ s (md cous bank than any other llhnois utmy FAC si (Se end of June Edison Ce 's #

Camlaf rinpum thme fige. cums u

ut tNs es no garne for Comu a busmens and renden- Mr O'Connor no. must call m ese,, famous imie Bar

, a ,ethe pm y hy rd.ffic . , d,,p.ekting

, ,,,,g,,the g,,,,, reia 1 price taal cussomers, wlio would be Stuck suh the cost of debi and bei alt het pohtKal capital to B buuness opponent at op to $16 bilhos, a Mr O'Connor's misplaymmaied by one Comu spaie ComM the on ages of a comrruin-ver the neat elecincu) mdet Chara~tef (and has trademarli chim.

• cheata cheaf) was

, j e,mp ,,'; I $ .O tihc l sorn of th.nps tha are dew . . sno, ,,; ig3i cur e mpo wa n 2, eghs years "Our members are noi goms to shehn3 iears for if soo wany Ceau %siarruss am e unpWgged in the l'90s And u, o cannn,e,pi,ms

-% e de e kno whai a ' n -

us company over the ehmmat.on of the guar / aced reierm IM m *;uf ebwy fu Water ger 'O' 90N 'esson CeEds ias a reg 1 lated vuhty geta " says Gmgary Bassa. pe's dent o r cia.e s/o om prec .ely wh4t ostegvi d*8? @

• C l!* h'Qhed Aive,T. edin n#r niec'iioni.

w Illmois Manuf acturers' Assa .

• Nch reprewna 4.000 bev i a tu Los * 'Nriat mq hi tv i. t'w 4ty se c <., hie pibes hr . 4 1e 8m0 'df x "d"est ma.iien r, . . .y, gg.n eues ccross the siau "There is hitle panence for ins.'

.,y p u y 3, Mr. O Connor could volumeer so take the ha righi no..

sHe in s. + f < sh e ir" sno n,,,s p ', w.%, N ceW ^*"-

rue off billions of dollars m shnve. market swets a.vf t,reat u.at could fe rr i m I r,temn tem. ; " 'rwi e'h'"L*N*'*b",*

s

6. c w a u mph Toon* I* ,*. ice ,  ? hic a. . 7.p -

• tor J s A o mme p the company's generating and dehvery funcimos '

.e iG . ebu. i. l .h h 4 a- .%

it Comu Inr the rest world Bei ome is hn best any r.n. , ..o , a n . . aw M. ,atiot t.a i 9 ,,' .u. r. t,,3 nnufh. he could spare him<.rlf and hr 'h.orrimld a the pi- , ,3,9 can F..he.1 W. ei  ; m *4 xit, .e cay n ys si su+ ciai a m ise -

t a fu sed actiturtunng fi+hieugh f' - aL ' en fb ' a f ec ' . t. . v .L , + ht .

Mr O'Connar's efforts en alelay enmtvuunn ..ad preiem ~lf u rem . , o . yn 'en th V i'*" ' 3'"' #M 4- vu wwwners Irinn reaping tullions in navings stand in trL sun mi.L pa c.

A i, v. c s au in Ns leadersNp role en the ci.is huuncu cm .riun.: . Comu . .

.osh .- cli hv  % ,u.. 6.f)3 " + -h h "4 HM' cil 'I e= CEOs have warted as ineleuly fnr econtwn., e.o rlop .*'"" W v.m e , ki 4 - Arq .'ita n i.,

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%. I r .c h ien Yet crines cle.m Comed a high elecincii) raies Ate , e teeut n e. ' ' r' d'd .'". Y e 1 6 ,,, 4. .c ' ona uuness grnwth 3es U . . 6. g i tenn m e u ' e *- m o i uth w n r ., .. n c i i ..a.p u.

bncthcleu the Sg-year.cid South $ide naine remains CN- T he n , mu s *

.. . D' *id W *-r, rin u *- i b ; wie vr-agis bess <onnected and mois pnpular CEO. m&.s , ..h.. ^e .e a .*'r -

5.42 urMm . rt a tu 'm 14 I ihr He sus on the boards of the city's bitfeit knL. us bigpeu afier is . / ti m +:!J '-

, so - n.

ewspagr and its biggest serime. Hes mfluence entends to i.n .nd  ! * . k i Wm % vr

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• u .' ' r' .mt r si. .r ger p *. .

naen mynr non-profit organazations. meluding the Cs o wn .* - e a -! "*" * **d' t. n is i u-  !! se e c (w;+al ommence of the Commercial Club of Chicago the Ch yr . ; r ,'- r, *'

md Chamber of Commerce. Nonhweuern Uni moy, ti wo .4'm.3 ' .a 13 m , cr- A Io 't Lor: tmy pc . r ,. O D - r. ,mW l.s. h: o ( .. l.. u s .at re i+'.

Vay Crusade of Mercy and the C%cagn Urb m i eegn. i n y 'i mehr " ' .'n:

in $pnngfield. Mr. O'Connnt and Comed s M o* .i .. . ti P +r%

i

'kie ' < o M. 'w - *m;e, 4 , r u Nro l

l Zapped by high prices, compan& Mu ohms Comed generates heat among hiz customers ames Pearson says he can't afford to do estate firm representb; a . .- .e .....h . . . . viu. To ... th - . W .a..s .u. ;. a w flh.u J busmess with Commonewalth Edison* y '. new celh.:r's. .Al Co.

Another example is Fatuno f' wings b which employs 1.000 at te.o C% ago-ao .

fit caa ..i te

. aand : avid Cerswice Cu..ummon (ICC) reconis Ac.r: /ani in n.ral lie T., be eQN .. wueen u.ast te up..id Mr. Fearson tuns Aurora ladustnes Inc., a foundnes The Downers Creve het cwr ard, dest i .e a WF.nen stry's eneng tsj ing osisoons (.e it.,saf;.re t .c.- asing ciec Sil.milhon west suburban foundry. Electnc. pany two years ago bought a plant ne.r T+ W&r inrunwn Co . ".' i'm Qned up c.n wit y w) or N. (Neat.ning to byyar ify la tus biggest business cost, after labor onto.--where it manufactures the Me pit'd velman 0 ;lut ba ' .4 b went ye w CumE.! iby inua" rg ' o si guerstors and snatenais, but the $1 year-old manufac. uct hoe produced at its Cic-io . S

• 4r MueS a Cwfts mew h- veve..% for msespre) r% Ed a pa hiN'ed from wii suree says he pays 73% more for h than bn than espanding here. tru to A ccer.on. : and .epuo.) i.ar- .cg electncuy si a Iw. tot un excuse eh compeanors in indanna, lowm and Wyommg. "Utiluy costs were a big fa.. ii. th44," *ien fs cheap per su,yiert /, key gible cuunmen fium w.."3 tsi rued cosis "I cou ld have sioved a lang brne ago," he says Bob Morris, cenorste dires1or of insv  % le CdIs c , y @ip .f '.e t regh' s+ h u debt sWee for nuckai pe, pisnts asys, "but Comed told me, ' Stay with us. etals and purchasms for National Castings. %tnewy dehvery synem. *t.ich have toosted t'e company'. rires.

We'n going to go nuclear and we'll be the lhe damage wresked on big manufactwea "The who.: pmbkm H the the regd uon most compeutive acerce of power thene is.* by Comed's high rates helped laanch a 's. .sharines hase ranted C. md an esclusive *eced

, Oscounts Well, aher all that talk, they're not, and it cade of lawsuits against Cf.O James 1. wemee terntoy, and time is no way to we of E.sumanng the site of the discovita is difG goes atraight to my bottom hne." O'Connor's costly 1930s nuclear miumc- the ccupany's vtm pass the maiket test." culimbecauw each user's situanon is unique Mr. Pearson's complaint schoes throughout tion progrant Some of Mr. O'Crnnnr's test says Retert M.cMeh, an economat at Cali Nor.ethelen, a fair estimate is 2 cents a kilo the business emenmunity. IJke Ducasc's cuatamen fmarced the attack forcis State University at Fullenon. man. hour, or a 33% break from Comed's poor schools, Comed's high monopoly raies "The price of electncity ta a significant Archon 9 Tortoriello, chairman of Cbca lowest busincu rates, a<. cording to Donaic are an unrrehhle disincenove for eco- coiwarn to the krge industLal companies in go-based power wbMesaler Torco Energy Johnunne, a pnne pat in St Loun unhty run manue development. the Comed service terntory," says manufac. Marketens Inc.. says he spent three years try- cornutiancy Brubaker & Associates.

A sicent e ample is Japanese plasucs man- turers' anorney Enc Robertson, whose ch- ing to enoce local municipahites to buy elec- The pubhc pohey rationale behind dis tfacturer ins USA Inc., which earber tNs ents include Cbcago steelmaler A Fink! & 'nci*y tefore genmg bs first rubbles late lau cnunur:g. wNch the ICC supports,is twofold monch chese to locate hs only Midwest plant Sons Co., carmaker Nrd Mator Co. and s car (Cam s. Dec.18) First. offe mg con panies a subudy to es just across the Wisconsin border, in Lake. packagmg company Owens filmois Inc. ComE(a lock on the dr.inery system and par'd presumably t otsien the local econom>

View Corponte Park Comed President Samuel K. Skmner re. longaenu contracts it has used to tie up ahnut and cresies new bummesws to help pay to lakeView, which sharts all of the Cbcago jects the a*gument that the ur1q't prices 360 rmancipahtirs (inchAng Chrage) have the Comed sysiem area's transportation and labor foice advan- dnve away busmess pu W efkult to evenorne savs Mr Tormn. Secsmd. pevennog la,ge electncity user tages, heavily markets Ks access to cheaper "Some people tend to u . Wb4. .c,. .e elk, =tane plaa muuans caes bypassmg from at.aaJunmg Comed saves money, ir electncity. No surprise: It's owned by Wis, to justify moving," he says, "when they're Comed, buymg elect.icity from him and then theory, because Comed either must charg<

consin Energy Corg, parent of Wisconsin reauy moving for other reasons that they reselhng it to large users wuhm their borders iis rema n ng customers for the shonfall or n Dectnc Power Co nat pitch has drawn 27 don't want to acknowledge." "It irok an awful loi of convmems to get shareholders must est the costs of Si tenants from the tumois side of the bor. A pcmible bdden moination. Mr. Skinner people to take the fint step." he says But that stiH leaves the question of wth der since the park opened a decade ago. suggests, is the search for lower. cost (and Independent generaior Gerald Forsythe. pays for the dncoums la the case of Ins, eascuuves began their presumably non-umon) workers. chairnun of Buffalo Orove-based Indeck Op Mr O'Connor msnes Comed takes the bt search with five Midwestern states and nar. erauens inc, has firsthand expenence at knmg The company reports that discounts cost i rowed the choece to Northern Illmois or snaWam mnney trying to pick off Condd s cuuomen 10 cenis a share tw year er 520 milhon s' Southeassern Wisconsin (for the convemence Mr. O'Connor proudly poinu to the fact one by ent 9 hey followed us around and ter tJa. and Mr O'Connor has offered to a of Itts' sop U.S. esecutive, who hves 6n a that Comed, by his count. has kept a 99% pihed the rug out imm under ut" sord up to 25 cents a share. or 550 milho-storthten Chicago soberb). Wisconsin's marketshare m Nonhern lihnois, despete the Mr. O'Connor's act in the hole m thn hig. year afier-tas, as pan of his plan to delay .

cheaper electncny "put it over the hump *' effons of mdependent generators and power money poker game are dncount rates Comed regulanon unal 2003 says Dannis Hiffman, vice-chairman of Hiff- marketers to smp away large cuuomers uses 10 keep its biggeu cuunmers on He adds m an nierview that small cour man Shaffer Associates Inc.,the Cheago real "50." he says, "me do not have nur cuuom- hoard More than 2m of them rectne umic crs are m no d.mget nr formng the hill l

It,*l43r) i.n a eb@cf sat:

s_, ems ra.wa ,ee ,cd , , ',, D.,3,snof wiew eg s%.c ,

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%894'P' URGE TO MERGE energs dcn'sM sl.mh acs, ee .s;c* th a sgg h.

w; r~"+"I -~~ - >e Mr o C ~

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.un n ite huun. --helpa www.ub,e ComLJ 4M#

. y Recent utshty mergers e.sve surrounced Chicago's J.uuabe nn'aedy s ubve. e

• cil e ah cush3 retainir

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• Commonweaw Luison Co.. wtuch has 3 4 mdhon m oh servi.w w ho = ctes upr' be..w t Comtd so so, 4

custorners ano 56 91 t,di on 6n sales The Irend creates eetc e unhappy I

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melhoe custw.ars. M ""* O 'df '"d' E"* I 3} o C..nno, m m a ,u,'io u c im" y,,,"Jo,"nt et w . Ch

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Hr. O'Cimm, resath ha' dly reuwdmy a tw o punt wifei)

. .-. . [ E ,. . 858"amr j a acien,n.,. i,n,. nun ,, a C,,,i,,a,y ie,,,ve ,ame. nw lu,ka o

--} hnpo to play f.mttuli hw thdy Cnin Colkge in Worceu Maw . the acnt Mer in a ksun educemn

" Thai u n consaksed ek Fauern 5s himi. and si m e cons 6 .

' cred eigne an hinw." renwmhen RiAn Nin, preuJem of k

.i al, ao o f nu.>. * . ...cr Ai. - W ing 3 omand ol' Chk yo hw O'Conmiri high wtweil claw .s.id ww a CmL Comney Cars 8 . f u. R .h- Maum t.e e ,. ryed the tuo sump.inies bi sreate Cawsumm. Coun judge.

.a r . ei- 4 n.uwrs t.. equ n .t h fiin..n Cp inligni i1 .?.a.* ,,nvomes i .h.a .o se oi w des,uw utsmp A freshman 3 car pijm3 J.rJwJ hn (thbram d,sams t

. v, er . g . .:. th .. ,,. .umuedin hat.nN A,p,my Cemildiimmnain=n urskt Mr lasull commercial gened as team nun.eper mue4JL but Mr. O'Comuw shone .

'4 det* r e .4,w f.,u Lar *e ekenne uc-m turtunes which revnluium. :mjemwall 3 -and um ulh-ai H d3 Ct.ns.

"W n. ,.ic ved generatmy anl creation of the fine rural cles1ncal ayuem "Ik me e tus me called a 'squ.ued am ay gu).'

• hays /

ot. m hea dw om . t 4e Cou,uy g,w g h;, i.ehenyville eMate; Andreuti. mm a menuw %,lo ewunne for Gusdun Life i Mr Insult ale w & A h.nd l'e s teatum ni the llhmus C4xn- herane Co. m Wiwseski teed no retaine hi the ausimw of u nawe Commuv mus tK Cl m 192". mh h ceyulato uninset 1. anwk) "He mas almays mudved in alw slubs. Ik we alwa NisPi 3 usuWpuly WaS bOfIl a * P a's h' P " + at * '" *uaa'f"'* d"*"7 'he '7Pe Pc'** 'h' ' ""'d la'e" "' Y"" * *"*' " **'

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<t , Cc WA viands m ele mwng ude of its immw. nuwaipdies By civ. ting Cint.E(n twoLa and submstimg to setmol protdern er a dae prutdem He was very respected ts state reguleisms. Mr lasull freeped crith "I am a great cause he m at very inlethgent. but al the same t nw. he wat 0-

• M % neat.wirrs D.wN the f.nl rLaw tww hehews in puhini:3," tw wud.

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.w .t 5." p e h,l.a. ei.ml .d Al* e h. it pla3cd a ou p= .it-m oukne Cl% yA > t 4 puwm. est os

. t I r.pt!. praim p, ri yW su eleurnity umi.

sty alw 1*J2t A Mr Inselli ekorwwy em.ure, armhwed by ofLW guys" Mr O'Cinwwa meni == he Han#J Beunew Selund. she C..nl A spe; ) aim 12 u. secs Anemp the omnpanns he om. tw me couned by Count.d ennuino. kd by luivre CEO trulled Cenitat llinum puhhc $crvwe Cn.. Wnennun Pomer & Harrn Ward.

m v'r I.syhi Ca. Peuplo Ge 1.ayhi A Coke, esen the rail nyucm now W la nh .... I opl: .h ien. 9. .-. pe in, seen in Anvisca as Mr. Ward punvej Mr. O'Conmv after Harvard. utule el kam u .n erw Ch ayu Trenu Autlwaw: young fwswf=d sened a thrve year uine wish sie U.S Air Fors

? Y av tihuuN pi uo f-naa a3 tin Liw k he empene.r Itm stic IA preuum twouplu Mr Imut hi a NJ evid He line en Washmyhmi. O C eiJ eenw4 a Guegetown Unesenny la mier.em-

.. u o a s h spNesit imuerw p.m - unualh all tm twililiuys en tredihas . uni m.n 1.wsvd out as skyree as niglu.

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Omuf aj when alw namgunyi Nnkers eid uusude W .uers de- De permaeske unpeweil Mr. O Canma when he we rea mind en hn sivorney hiddanys ni punkd hn reipumm N s upe po - . 3i n H e us oed Guwral l'isons Co . en emer ilw curpaaie in nrld "I felt I u e really pumng a grot W baul: m uc' ien ha ttw pe c mein.Piht u heie 'w Mr Imull ikd the opiu). mas entradaed and we pruse, of peopk m hu were streu utar m the may they treated me "

6 uwd in Chwap im eturgo IN: he had defrauded inveuors Th.mus A3ers Mr O Civunwi unmeduie predecenar 4

.

• ul huf> .e s ie.ic Ihe 32 yt it.o.lJ tmL she poidens) ed Chnayo Ed lin nainnully susered tru! cnded m a non guihy serd.et He CEO. renwmben apprecump the 3uung muni mork ethe

.c IML tmym> a vAe m tlw Nwww muk a MWu'um n Ima Cu rowed tu Psn on his CennFd pensinn. and died m 19.18 in a bnyht personahay and educenmal nedenuals "He ha o wea4" M udi i 14:Id n whmay u.nnm v uh she eaun.A.m of eight cems m hn pncLei tuher ibnf Mr A en3 up "He s'ame from Checago and t C.unF.d sum o ed its to ndsri dewem with the help of Ilb- knem Chicago '

thw ot M W6! s s.nl3o ,. a .i 1% s. .a tuoyraph3 me' owporee chie Janws Smipum chicman of Manhall w .n u.as nunuay bey. semeabeed yeam iahws 2J Iwmn a sLn al Mr Ayers alw m.n surprned elue CmnEd lud snared M l'ecid A Co. replaed Mr insull e eturnun George Ranney. O Cimnor "Bemy a unhas me Nd a inugh hr'w relung et I.med hun en nuke s ksuu H3 unne alwaply thei dw en*Likd sme.peedem uf inkenatemal Harvesier Cu. became voce.

pleus m Chaayo's 1.ui.uns and in W r nenwms ut in G.dd twu enpneen ekt the IW moupers. w ho mayht go to 18 M i slurnun Ciust nunwww The uw.nu chnune .q unnpeiumm and pu- Hemku PakeJ

• Leim; elainor) he the nuwet W linull aNesed alw como Usulet Mr knpum. Comed hyvidaied or merged nuwt of Mr O Cinunn mewmw rne w ktped by Mewn A)e' en lar-Huny laddents The protew mas cumpleied m 1951. and W.nd and Esesuios ca.mninee Cluruun M.wgan Mu mies of scale ami rwarl3 rnL.tiw senha th.d twijul transhem ekur,s ny lawn a Vn hwuos .. tnnos toa nesout3 of 20th mlwn Comt.d nuuNned u nh a subuttun uuer to treunw the phy Sr: tCinnEdi " dean el pubin releams. ' asurding to e repuvut uimpany 1.umbr hiday omp.my husoi> i lunn a twwn kh O Csamor leamed w ell emt.r3 ble lhe era = le! poamp denund fueled h3 scleuwet air in keepm; unb ei ese,uene requnenwns dann; to Mr lin beyyest ump me bu3 my u msol ni ew Chnayo nukei unidannwes eid ember news of the themung Anwncan com.

nom an mlanwen C4:3 Cunwil sabal Lem.mo e etw C*i.o sulti regmie. Mr O Cmum.: yun kly twanw unnhed m I hohew 'llw si..nly pdan un tu.t oc.ned Comun=mme lib mn3. wm ekennn3 porus uur ny The easy nume3 mas en w and pdn. cal allans "By the how t\lt 10 Connor m.ede ceser hs own uniny techmdopo the lossered produc- s'anw pecudem ' otnen es a 195J Itanard sJse u*al?

I.'inuw Co .ums yn(n u a 44 se.a su3 hentuse, ttwn olktsJ to sell u to the heylws Nkler inn 3 gens Cant I spre,d in onh user an espenhny rese- Comed "alwre supposesih w nu mw m Chu ayo pohin-mw tue. es en = bde unesung he.o d3 m nem genessung s.e is esch m lihnon Co; f.e eJn i k n.m s.W yet e**i. u nh flui Mr linull m n ilw mah Nato lic yn.,th li.nl scone.r iuun itw hm .nl e,chis h. the conspin n a i s en ni n. .g ow , s .. 1%si,i u e .r .U*

• in bn ins:sei.up i. > = % Oi. i o hc .. o. ..d m

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• 2carisued/ rom Page 20 Mr O'Connor nwu beep them tw Camid is loM li et hn neressingly eaesperated unie count Com[d to tram ehem dvwmed taleW eee dern buy p greaiesi challengMhe fight of hn careen-yet be a burdened elemheve $nme 2m nwwe gei &ols inr enrundmg inc, og,;

Wah madet pressuret buddirig. Mr O Connor four years ago muh ihe meatnem afn cimg Comed a the aftern .. of hn uurn is consen m; enern hnpged ComEds etenthed duidend by a6'i He aho tmte long m mh semies of tradawm by readimg twoude the etainne tune and These are pnce tircah unasalat.k '" ever>me et,c Tnn tue Among them aruung en Whne limac Chief ed $uff Sannel 6;. $kenact as hsmac bemer rmes mis kl sucngitwa ik hwal emmmy acew veudent ita e fast. Mr. O C4mmor rauled itw n*wugulin reun.

• CamFd charges tirtually the fuglug electria st3 raics in eny mi Mr Mull cyh iiv ti .itmal simwdi.um lic e.da u i

the Med.est. god =y iuten 4.s sunmn:, ihm , u.uivin,ve cico,,,s ,ug,.

cemevu cages even remre by nammg forme Fwv Chcago Corp in eserage reud ree nf 7 92 eems a 6dnaan hemt n W4 bdern ten F. Multm as imesharnun i mimld su nWminat v.nes m th=ws by 18'4 and cre'w up i.

h gher than the rmrm for 31 uninics opermeny in ame wisk- 9h pitw m nb %177 nullum in map

! Mr O'Connor he nei a eurpwaie goal of puning the ser likew).( M.chigan lowa. Wesennun Mmarstwa the DaLute

• Comed has high nperahng enug 4 of el e ut.hty induury in estry area of opersinm" m $6 ctwaska and Mneuei-ace <wding to Resswrge Dau imcena- Tlie s.unpany s ined pencune; erww. me .192 cenes a kilo WJ7. Or (wemter. he unseded a scenungl3 dramaine pro- twmal inc a Boulder. Coln. conuehing fann The emly eke m 4H hiwt mew ohw( than douhQ thg ,nergpg (4g g gggghhg mal to daregulaie Ilhntws' electriesty martel as early as incus nuove etpenuse m thow uaio n wdd tiy a penaic gen en 1991 acowdmg in f easti ln$cuors $en wt

'huder i i.n ik ei ernies s.sy mainly henefit 404 erams in twral % nconun m Hh 1.t 00 v.emuen Blane ste huge pneicsa etfunes and guaraniced reivirh on sn

'N4 % .o Mr O'Crmant Ns done. ruher m.l.iy CEOs Imtem cumves pm she retal pi.sc .il ekiva os en faci- sesmwm ord mi W O C insur s m= k.w N.eksiip But Fach alw 6e  ? tuy hase sies dreper and iniacd funher hw m.utci as 1.m a 1tenes in 4 eems a L.I. a i l> =n los=n e

op C.m61 s onr.amy .uiJ ouuuename KMM) e was ,gww i a niquesmin leasing Cond.d a the t= mom of nwwi puti. pesc W O Contmr unuld h.nc hi slash pues. im.iding huyc etw of nc.wh utsla.es in esen s.ncron rawrann unmmn Mi rm". m.'s of unha) cownyutn eness m ene.it t s Lien etwn. Semic nt CimdM s okki male.u and sein dninNamen aimi gencial,mtmmnn,ne.m casal fared pl.ims enighi em) up hemy owshicw Eni of Hw sosi enifialante n twd to ogwr eing m ChnsynN er. .; 4 n/siy s o.sb u n. Led N Md- e.l er reeuct.i

• 1. s a m wyin r.ime arm . ' us s C.an % ak s h*el csci u H'=.' .'amiA.Co C..n. lit e.mL

• 103 m

• seine-i inc ot brit nt Islueu publ= % in n On m II.mmu==t init intten em otenwm Nn A cu cw alus velho Ceauf.d s nw.

noluis s uhmc as=11.mp on lahiii wLoi.un m* r i nin New T eist Is wa r.o.i I m t, linesa.=.

i Cimit.d

• ping s tn e si=upeus.ii e.. ile essi "li s.

M- '

. i.ucs Cimild t-hi. of 74 cinum onnpanws

. . m i w ti ('i imw 's ecsemw tus even s. stii inew aiW mira pin en thenT pudeh, ihcn }inise y.e ss siega u.inhk sum hnc mepan cmcms .imi guy elim n sk+he "We luse hek Mr O Canoor d verwiscJ imo nmercinne bnes of husmew Civut .1 oin uk yuc slui ihc mdon emet ml= n ml i nswd ami amt unul.swestmyi ucaJ3 and luse bece selkn3 ly son pars ari>. .ssfter an untejul.ncJ semuse of Checayo s few snilanin luse desreased mes ilm p.nl sk$ .sile, as lihn.ws nmies- civiys T wo s Cemit al Chevt iin us ed Ose'act jolm C

'copks Lncery Cowp hat sn.usled ..m3 the hcmeng mail au reput.How, and oiurb outnesl h.a L p helem enpersis e.g pmr link.$s ski of L.i a sc.n s empios ed teet.uk ut pThwnutse

+.Ammm; c. int.m e i.w MW. iiii, L pl.a e hikes so p.3 1. i itw eiin te pl.nu, i cv .eiice vi.t.iii, p.%.- 16.isi cs s i ei. .ie ty . set ilw 2 to eu s .ai s ius tuse .. iic a .iiii .iun in m, omenian dewtopnwm f.w Ch.capo-w t.a h .d.e.mly itn alwi h.nc fallen im an mA.une ado.u.d hsww lauci .nl em g. nwm s. int s kl.we nun I has mun . m.=Len 4 scried som sein ng immesmsn Luks sold uti elestric utdnes are gnnwit der ih.in Cownr4

• pun bupna otters m ilw I.=uth qu.uies. Imi Mr O Conn.v t-hierg in isoiss iguuon ol deregulahon 1.asi 3 ew .n compiames e Ceml.d's proces shfic the im at avanam,s. sortmy to clmunaw and innumes e mioelwr 1.lilitt en I,Nu aired istI to spread cown aml ;ain nurketsh.we, three Medm et Con

• panic h.ne ILd ilw Chiuyo arca tws une of us enih:3 imum viaw-w ump up a sl=mem n a uh I..hos

.crgen pmmed a hulikeye anumd Comfd smet and hussnewes luse desluicd to espumi tu 4.s ac hew

• Cami;d's nuclear pl.ints hage pieer safets civurdt

%pite as twfi in ihr Chic.ifo curket Comfd esn's u nkts 6v the ume ocason law icdesal Nm tem licyul.non Communem (N14Cl lu-

. t c .in mairaceve talemco un.lidaw. tu ause' of huge em i. Counf.d escsuines temmer th.a the un h:3 's ahiu= Lum e of sayyed Counl4 m uli miec stun Si mdlem m suwinists en er ilw u..enu ~.uNid ecs awes uwd u nh its m musicar p4.ims pomer, lumoet couly n a twem to stic scrum NcluNin3 pas eso tras llw mdos i lhewicn u.anm h.n Iwyn on tin Mir . si% s woest as a h.mninnv p ost. ,,4 ' 4 mdlum cuv ilm 3 insne, n as impwt.im m ilw 1.my run as p n e NirCT pobicm pimu liu wm e I chip.= y IW2. hmycr Hun am 4 ereto il.ctaLmr iet two aven nuses Ossayo mea mipawes Iwc wpicciol Gmsm = il em l'uve 22 Wetts up: Doctr6cliy is foundry owner customers--amt prmpective competsun-

, Jernes Pearson's t eggest tousmess have neu played wellin the lilentus enunt coat-end his Aurora industries Inc. An Appellaic Coun lass summer threw oui l 7 , . .

pays 75% more for it than his iI such ennernen, ruimg thai "the public

. -

• j i, , competttors in Indiana, Iowa and cannne intelhgently determme whether or nne

, k.g -

e - -

Wyoming.*lt goes straight to rny bottom Lfison has engaged on pnce dmcrinunaunn

. } :..

• - : . - 5* line," Idr, Pearson cornplains. or other enfan practices."

, y a s." . g. ,-

Mr. O'Connnr sespons wuh a l&bying 7 * .' . ,*'i , 4,. discounts.-even if a big business counmer push in the fall hi amend the Ilknan Puhlr

+ / , wre to leave ComE(s system-because the Uuinies Act to allow secret dents, be was se.

, , 7 ' company umuld have to ask state regulainrs buked by legislaine tradat evho didn*1 want

-- for penmssion to raise races. en inuch the voimile iuse. That push has been

}

• Be Mr. O'Connor says he tus no intensinn senewed in the I.zgistmwe this yes mum .r of dnmg so, folinwmg ComE#s $30kmil-l lion rate hac tast year. "Nnhndy else is gn. N s# M SWe

} . .- ing en be lusrdened wuh th.d ai this puns en

• # WNic cnnredmg Hus C wnEdi pnces can M ,; ' '

time," ;ie says he a pneiem for buuness Mr. O'Conant ar.

Np ,T .

Consumer advocates insist that who will gues that the utihey's plenuful supply of

• • • ,} 's> '

pay for (usure discounts 6s not nearly no power h a boon it,:he local economy.

G ..

clear. cut; emarcover, they say, Comed in the The Comed chief is ectioad by Davis

_ M. '

'- past has sadAed small consumers with subsi- Anderson. chairmia atf Chcago Estruded s ~

dies for cloan-heavy cuuomers. Metals Co., whow b. employee Cwero fac.

', w , 'l  % "There is ao question raicpayers are autW.

duing dmcomms so Comed's large industnal tory requwes a sure energy supply for su

.. electncity.dnven processes.

customers" arys Marun Calen. eaccuuve di- "We've tanked (at alternative sourcesk bus s suciar of the actsvest group Cmsens Utihty given that we're a mche player, envestmg in Board, ComEEs htigious nemesis for nearly ruher ways has been more effechve, as op-15 years posed to saving marsinal dollars on our elec.

Mr. Cohen noses that while Mr. O'Connor enc cosas," Mr. Andenon sayt A-

', . ~ ' n vnay forswear raie increases to cover dis- "It's been quite clear." he adch. "that de.

counn and cuuomer defecuens, there es regulation n gmng to happen smner or later,

/ ' '> . nothmg to state law to prevent him from to- anyway

• j

<- . ing that route. He also argues that et's had Not every cuuomer has that much pa' L ., .- ,. pubhc pol 6y to les a monopoly buy off a few tience, however

..i,, , .' . T2 . hundred preferred thenn. Anchor Cics Conta ner Corp., the U.S

,(' , '. ,

a' ,':

' '/ y Close ues tund Comed and wwne mapw subudiary of Mesican multmauonal Vuro

' - - . customers ecceivmg dncoumt UAL Corp , S.A . last February closed its Waukegan s a First Chicago NBD Corp Nnnhweuern Un - piam, firmg 100 wakers largely becam of

,h 8 /- versuy and the Field Museum all couni Mr. ComEdi raics, according io Walter Schaf.

- '*im.

.  :. M- O'Conntw as a enember of their bnards Others rcremng special deals are Motor-fer, the enmpiny's energy diecciar. The work went to plants m Indiana and Mmne-ela Northwestern Steel & Wire Co. wua

. ' /** (Comed a biggcu customer), Ahhnu Lahor& "li% na even so much the cma we're actu-sones Inc.. Ouiheurd Manne Cnrp.. Cawrpit alty paymg ie=1.ay." Mr. Sch/lcr siyt "The tar Inc.. Aesmwn Chemoul Cn and Acnw qucunm o. luiw topimuve n the mddy'

$icel Co Att inn Meunrnia hesped fmanse Hw

~

We ' ve h.ml numernm docuen w ith g 1980s raicpayer huganon over the Dyrm and Comid. and shirt of unmng and saying.

Braidwond nuclear plamt 'You the thn or we're gmng to shut dim a.'

ComEEs effom to hecp the terms of some all we were met with mas rhetoric

• of als d$coum Comracn secret from other TOs4 ANOREOLI a

Why should Comed shareholders be protected from the costs of deregulation? Mr. O'Connor points to 100 years of regulation that guarantees a f air return on investments. But is it fair to expect customers to repay Comed for nuclear investments that were made despite strong opposition and that are not economical in today's market?

(swumacedfrom Ay,;f comreuuve, then compames hke Eason will hee more u U $ rmcker plant last November, NkC CNorwimwn $huley Jakwn wolded Mo 0 Connor and his chief nuckar esecouw sur the chronw BME MEK ' ""h"*''"*""

veolanons "I am nos one to particularly give you a bad tmer

• w moo n p,,c, of Urucom sharespew tess inan 3% 0'Connor: Must have 'certain rules' annually between 1980. when Jim UConnor became she saed. " ten why shouW the mmmnwin Nw tonfidente chairman, and year.end 1995 eregulaung electncuy may te a convolvied pohis thae the ,mhashen yuu dwwwed t.alay wid rc4Dy resuti in an) $45 signir., ni pn ped" process but aMusiry esperts say the prachcal to needed su make e free market n electncuy already .

In is most en em rskmg of itN U $ nu lear plams. he, 40 in place tcA .n csiment bank Lthnun llros raies Drevjen and three

.siher Co.nu propenses-QuaJ Case. Lun and L.4$atic-4 35 . $tochfiln M * "What's standing m Die may of all customers purm lower costs now be ng enjoyed by mMlesale customers

%Ic+everage or puer performers in eush areas as saicit. ve. gg - . , Dale Landgren, director of but ness development for Wiset h.hty and nperatuts 3 sin Electnc, asks "Mosdy siate legislauon and (high<o fhe mpmun CumWi punivW are i: . nemesi g lai < 25 - "- generatorC Dyree md theadwund shhough the latter miinh cosi Si 11 Stock los it An esecvuve of Cencrpnie Inc. an unregulated subsidi.

tMI.un.unty scules everage And the seu plams alreads ueed or y,nnesou's Nonhern $tates Power Co sold lihnois poln nearly D00 melhon en repairiio replac delceine pan' 15 makers tasa year that the transnion to a free market. afier ret e Cooed's ser$6cc h not as dcgwndable as touted.

latory approval. would take no more than 60 days Onene the "reWhikey" numra and the no.-aNnd wd 10 Wii may too fasi for Mr. O'Connor, whose derege.eu slogan,"We're alwre when you need us." the sumfuny's k= al plan ofiers to relinqunh ComEdi monopoly no earher th dnnibouun sysicm has tren bleled by regulators and s'ur cJ 5 2003 by (tntamers who suttered through blakuvis in IVMM. lYW and ag.un lasi sunmwr.

g "Honesily," Mr. O'Connor says. "I'd rather operaic iri in s 1992 report, llhnois regulaiors cbrged tbs Comed compeutive environment Nom you'u got to descnbe wt W H W W H M 14 W W W 1811 W W 14 M you mean by a compeuuve environment. , , .There have got may have underfunded operauuns and uwmtenanse of the s ,- _ be certen rules "

diunbehon syuem durms the 'llDs nuclear binge, Icading to the company's Iailure to meet eis own rclubelay giul' The catch- Mr. O'Connor as askmg the suie to guarani film Dt7lIDW h *' * '"" "") '" h ""' k P"5 'h' " h8 **** ' ""

A report on 19954 heat-wave power idilures found usive Hb a UHRw Comf d a dnanhuuun nywem hs latte upany hw siwreceu speciallanff-even if tnat means denying local ceuomers e load is also noted the sompany laks up in-date syuenn hw Urucom s total return to shareholders during the cess to h nsah pnces weH imm 21st cenig 1980 9$ penod was just as mediocre, in tactunge, he has promned not to rane ComW s rmes I trackmg the age and perturnunce of us equipment. Oiw five years. He also has offered a package of service impros Nuitheent $nte cable th t failed 149 summer wa nude m 1,173.43 % ments and lun:ied discoums for small customers, as well as 1926 l Chicego and Comed of6ewis are diveJed over wheiher the 1,357,yn pilot program for big electnetty unen th want access gm cheaper genermon.

) company is on track to nwet the giul ut anveuing 51 belleon lf legislators swallow the proposal,it would take Comed in eleviticalintresiructure from iW2 to 2till2 The pledge ma part of a deal struck when Mayor Rwlwrd M Daley etwnded shartholders off the hook for Mr. O'Connor's controvert CumEd's local munupoly frarwhne for 29 years pg'74 GH.3% nuclear investment and give him the npneve he needs to pr pare for a free market.

Cuy of6cials are so dnsatnfied with the "adequxy of the But many deregulation advocases think consumers could-information" ComM provided on us progress tMt they have and should-get a beuer deal moved up the dse for a report on the franchne agreement, ac, sordmg so Jessica Feldman, amuant environmem commn. "I'm happy that Comed finally has acknowledged that cor seuner. prineon is coming. because they've denied even that until r

.. cently," says Paul Colgan, cluef lottyisi for Chicago's b Comed Semur Vice.preudem Paul D McCoy says the cum.

pany has spent 1330 milhon of the tout "The city he ques-pS downtown propeny ownen. "Unfonunately, (Mr. O'Conne uuned capendaures on a few propts, wh.ch reprewns a snull has advanced a proposal that isn't soms anywheit."

percentege of this toul," he adds Unicorn 54P500 Dow $4P Saird Last year, Mr. Colgan sold state poheymakers that Comed UUltty Utility Doctric lugh rates impose a penalty of 55.5 milhon a day on Northei e Comed has not delivered for investers ladst lades betverse Durmg Mr. O'Cunnor's 14 year siewardship, CumEdi tuaal Ilhnois, equal to the prenuum its customers pay for electricia som n = aws a c. If Comed can delay deregulauon for eight years, that figu return to shareholders including dividends and sunk apprecw.

rises to 516 bilhon, Mr. Colgan estimases.

hun, has tagged the siock nurket, the vulny martei and mdue ,

in icados. But what is bad for Comed's cus4 amen is good for 6 A 5100 investnwns in Comed m 1980. when Mr. O'Connor TOO MUCH DEBT .ha,.hoMen. because 6-peg rates eugomem ow-bectme CEO, would have been worth 5749.71 at the end of pany frorn bilhons of dollars in losses na a free market.

' # 'O #"@' "There art a whole lot of people etio own real estate, ir 1995-a near450% increase, according to en analyus per. IO formed for Caws by Baird & Co.

i j j { l l l 6 c!uding widows and orphans, who've aheady lost that kand a 1

- t i 1 i '

Bet the same 1100 inveumem in the Standard & Ponr's 500 57 +4 - +-*~ money," Mr. Colgan says, refernng no the pamful shakeo.

inden would hve nsen miet ibn 9tX4 to 51,0&t 19.

g I that followed the giddy run-up in propeny values dunas e he SAP UplHy Inden, a hnud mJusuy am:asure, would

. _.,,_..2 _

L r p.. 1980s. "So, why should (Comed shareholders) be pn Ua6 sam ton 0 term - -i j tected7" have reached 51,27348 The ymup of 79 electne vulines g , : cett to 59pital '  :

tracked by Baird would have ha 51,157.74 Mr. O'Coenor answers with an appeal to fairness.

i ' ' '

Under the unwnuen regulatory compact with its custon Comed wowM have conw heu to die Dow Jones Vulny 31 _ Ra y' -4_

lades, which follows the performance of 15 rrwjor electric and . en-the cenuary-old system that underbes ComEEs monopi pst unshuer h would Nve grown to 1765.35 over the 16-year

, j  !' ly-the company promsses to reliably serve everyone in 6 pened og L4_H . service a<es at the lowest econonuc pnce. For that. custome, But Comed wouldn't haw come wahin a metaphoncal

!j are supposed to pay Comed an equitable return.

47 - - r-, - '

"That's 100 years of regulat on that said that was the fa mile of a htarket leader much as neighbor Wisconun Energy latestry aversgo Corp of Milwaukee (parent of hconun Electnc Power i

way." Mr. O'Connor contends. "When you make that sort t Co I. which would hve resumed 51,763 72 on $100.

45 ,

- ++- - -M Ei-p, .- comrmament based on that sort of pronux, that should be ab so stick."

Duke Power Cu of Chriviw. N C.. a big nuclear vulay hke Comed. would hve 6kned 51.73160 Uninurp Unued ino But what if the rest of the world changed 7 That's the que of Cecmnati, a reuilmy pow ertmuse. would have ha sev vusemsevu uasemww ww hon posed by Roben Michaels. an economics professor at Ca

$ 1.749 60 Fnt Southern Co of Ailama, the $1m) would hse * * * * *

• ironna State Uruversay at Fulierton and a champion of ele grown to $1,332.23, incity dertgulauon.

caa.mo - a "If the regulatory compact were a wnnen contract." he et Meanwhile. ComEdi creda raung. net by Muudy% Inves.

tors Servie Inc. and Sund. sed & Nwi Curp., hs desended serves, "then no sane aduti would have negoitated the buyer Creda a 5303 nulhon rate hike,last summer's record break- side of it."

trum beghess.qualny before Three Mile Island.17 years ago,io my nicamy weather, cou-cutung and speculative investors' low-mwonwns. grade as oflast quaner The regulatory compact was conceived when compeur Comi'd sheeteldens fieully um a rctmund dunny lasi gambles that reat deregul.uon won't happen anyume soon in w th a central station generator bke Comed was unsmagmab!

llhnun year i upturn m nuluy suskv The s'umpany prudused a toul But new technologies are rendenng traddional uuhues ob return of 44 4% m 1995, or scumh bess in the induury. ac. B ut to build on that performance, Mr. O'Connor needs lete Then there are the demands of corporate cusiomers t unw-end as tew compeutors as posuble. can't afford to pay snonopoly pnces m a global economy.

cordmg to Chicago-beed Duff & Phelps Equuy Research "For the mveuor. tnat is the big unknown." says Barry Eammys jumped 809 to 1639 5 milhon. cr 52 98 per sNre. Key evidence mcludes large user defechons to high c Abramson, an analysi at Pnedemian Secunues Inc. m New ciency gas turbmes and other alternauve power sources.

whde liguren. sales ruw 10% to 56 YI trilion, accurJeng to unaudned York "If there is a stry long transapon penod between where well as the emergence of a wholesale ele there is no direct access and where the industry will be fully Contm.ed on Pope

• _a

The ':ardinal Comed maxim: Never run out of juice. "An old, pigheaded bastard is what I am," former chief executive Thomas Ayers says, explaining his decision to go against the trend in the Industry and spend billions of dollars on building rnore nuclear plants. "In the end, you've got to be aule to deliver the power."

(n.ume.tafh<w faer N 1he Han a#d (sse study ternm thai eten undet fatcrable cheap io meiet " At imtswiani. Comid had $l12 melleon i naine ass.seani en Mr Murpin tis 1970 he enade swepcsi- tand. nom Can'Id a smeenal calc ule*nns sham ed th i the ton itseed in braidmid

• Nth thatchrildert might have had dent plams ttwid swu tv tempteird <* u hcJune e uhrwi taung the taiil the plant mf re canc eled Mr A eri 3 serails eleNet e nh Mr O Contvw ovet ehtiher enmtunis reuweres and sharpl.s ecung rain "All of orp Hannnnt Hwk as iMi und sugreued tho' so to in eineithi3 hills Inun seminwmihl) (a inrigt ene [wartwe ComL4 eswlJ nre suuta "an) delen *bh<wirtT eepms ma& teese fenm a suunmee ustWp.i.m to comNew n t' r W .s sces assunwd had sased on lat.v and overheadl "I i

pit studv 1hr les t afiable thrn o e ihr tsomeil tl.wt of plams ' Mr O Connnt muu' im183 "and me Juu deoded m< 'rN 'O f tmniv e oli tithi He dewsn i mind selling the Comt.dsCLO tem he n , nng ' M, o c,mme ,,sn , gh, ,mh ynon ,,wn nn ih, spa (i g gng,ogogg hv cd',gygj ih, g c lhe astene timon..cd escrunse s u e pes @r., sa 1911 ,,u,n,,g , 9 g,,,n,g,, g, pecudrni (4cd amiininerns as Mr A3 rr.' hrer appa enst Irvt erwert eservinet tw gmrtnmeni enetsett puikJ itw p ? sunre and entivewmwnial adswairw.-enururted ComLd on e's plantwd aimier twooren heimren 10J and Ivh v. nunplett them and tiraidms! "in as timelt and econon t+ % 0.nd l t- )*nifi .51 J" M. () (' imp,nr jyg .gnif attf %.ilMffst 4 Dithof M lhe \Id( Gdi ttuntwf as g.esubk

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C0mEd has c. .ivic netw0rk wired he c*pl.iins " As a imin3. e eth timething thA most tuhrt en. omu people are jenners They eluded Mr O'Connne's Comu pre, a $cawr Vn peudeni kohen L sheurws diuft lusc~aemi das n an ed.hg48um en trne-pw have to t<. dreessar.Thnmas Ayers) Mannmg hnids tmard seats wnh Jer h.ne en appo,si b thers a lente hn diierernH3 stun y4m m.vil.1 Crwnpany fnunder Samuelin- Mr. O' Comme is an emtwy sun on tannn inunce seid the filmrus $iste d y.w moe prpu av Ms Dinula a su turn Miniwnla " sull rwornised reshey early on: A the own far p9fst tane. Chamhet of Ctwnmerit-buuness that owes its lucesuve mo- "His tomennenent end sirutney al. ComLd toninbuted 13.3 enillum

'We need a raise' 'mra'm * **' taad race' d **rs hae '"a very ad" $m f* "daniahkeaara' * ""aaaar eis cuniamers has to give back snme- L adenhip Council Varpesidrnt welfwe purpnes" in 1994. erwrd.

thing ennre sten elecincuy. Sahn taskehart 6ng to sasie eceerdt eervous ecrulauws heran tuvent second ihnoghis "Be a emin to your stunmunny " His connectmas let Mr. O'Connnr The enmfeny also gwbhdes e C ems snarked Mr O Commwi fisse numths es CLO. es ahrwe the mudw mwmnt (ma ni ihe einmer twshlop Ha scspmse mas in 6 all their bluff and hwce thenugh yet ennther este hike to pay few Comu a nuclear dreams he o e=sadr(. erecrding to Com-summes : U sre Co/s official enr-parsic 6,e dn mell for Comu by dmng past few pamphlet "The fewer of being a Ch cago. Yet the 6 mage oested tiy gund neightuw"-4o entunene em-c het wulespread influevue can beckfwe ployw civic scavalies Hear the froni Mr O'Conarw's handhng of ihr challenge-especully ha that osege, appled mwh egni on the company. 6 a full.page phnic of Mr. O'Cnanar abildy to ciwural the regulecr3 and panical pnsess-spurved fcwce from the esecuuve sune to the for instance, the Chicago Cubs' pcting up trash on Ckcagn's take.

Harvord huuness profeww kah.ud Viruw in devekip itw puu flaar, has landed Comu s mirecuinus etnhty to stage a neght shrwe ;

tvu tsse cuJy. 41.200 employees an key pmainns game during last suminer's blackout The evil of the twnchure is devine<f "le was peuy anyhou cmed the way he tasched dnwn W with hundreds of inesiness, commu- was blanwd by some Wngleyvilla en the everyday generosny of ComM tlCClia tviilt" says Mr Vichv suty and chantatde groups-end has ersultats an Mr. O'Cormer a ines to warters The ernny. hnwever. h that Mr O Connar's succeu led the snade GO James L O'Connur the er- tearn owner Tnbune Co. He's e There are Antoinene Cherhardi groundocri hw ComLd a erwnpetneve paralyus enday. ta's most piogged-6a corporeis chief. member of the medes enmpenft and $ ally C' lair, tuuomet service The situaism crupsed m laie IVyV. mhen Mr O'Cnneuw e ss "Cosnu 6 part of the e6vic 6nfra- hosed. (Ovet and note egein, representauves =hn volunteet, et.

strureure of Chicago." observes lih- ComL4 officials esplamed that she specuvely, for publee schnnis and CEO emergency skmanmbmillum 1 eme hike in sme18h the nuclear===

pc- regulauws refused in grant Comf4 an suns Commerce Commnison Chair- lellpark has eis own teck up power suburban homeless stwliers; $alva.

germ s smelhar ema snan Dan Miller. hees.) tore Della Fsve.e Dresden plant se-A top ComLA finannal esecuing had warned staie regula. That's e tradeoff with the economic cuniy ofrecial who coaches youth-hws that the utma of the timurucuan program dunng an infla benefats of deregulanon that policy-g g g league icxMball, and Det Henry, en un:ur3. Nyh miceco.saie econnm3 left the company "facmg a snakerg can't ignore Com[4 Wre<hairman Leo F. engineer 6n the instil feel dmuon imansul(nm? "It H part of glw whole puranc,' Mulha is stamped from the same mho staffs an AID $ hot br4 But 0 r among of itw erguru o as tuJ soumng pne sher A eenndea Fepubbeen $tsie Rep can da sudd. The (nrmer banker Unioy steregulmwm thresiens chai 1hace Mile l l.iral ursidem had Inghiened the maine And W Vince peruco of Glen EEyn to- sened muh Mr O'Caanne on First inuovuonalued stirvism, estweially mure el a guns nu&m unin3 h.a in hand d J liule to insput chairman of the Legniature's Jnmi Chiesgo's bo.rd. tut he says their if Comu is forced to downute dre-paHis confederwe commmee on unidy deregulanon clnse acquainiance comes mare moucally to meet comletsuon-or i A decade ne caw hats haJn't twitwd. esther. An early sa o. The secte of the company's civic fram shared enmmameries in the even o ecquwed by en out of town thy of W IV1th had even CiwnLJ s kingunw samum nuce neiwot.14e us IM.000 mues of in- Fwid Museum and Chicagn Urb.in unhty wuh cme tradiimas enrued Lmic Bill The ten Burnen Co designed character. an ufo cat power imes. reaches into every L4 ag ue, else wts-re.

turned lighi bulb m esh a twat ment " cheap. theap " Bus Lmle home. And Mr. O Conncw leads the The h* goes on The company's civie artwo'k IWnt-Ibli mase e a gneJ ymhol m uh ComL4 returning aram and emc charge Fully tuuhnds of hn e preudent $amuel K. $kmner. ai suun as an entnrmal lohtiy when again isv nwuc trume31 three page resume is devoted en out- Got Jim EAgar's request. chars the ComLd mno needs pohtecal sur-Spurned by the ICC. Mr O Conant made a dramauc rejnin- side aceviues llhnois Etonomic Development pors-like nght nom Jer He uopped conuructum si Br edernid and slomed enrk He serves on boards encluding thos Bosed Susan $eemart fett e secutive e tune of F'ers Chcago NBD Ccrp, UAL * $cnnw Vice peudent Thnmas I detector of the Ciutens s.miny Board.

The muse m as lotl=ed tw an eucame t'R <smpaign Corp, the Medwes $ sock Encie nge Maiman is an Adler Planetanum a longung ComfA arnagonnt k en,-s "4 c're etwkmg for sou And we need a rose ") and. 40 and Arnrncan HauohalCan Co truute well she clout the company mields in rvdmg to the Harsaid co e uuds (leser argumenn in ice His cme direciorth ps. too nu. e $enior Wre pressdent Cordell (chey orcles.

Com0d thmge raiepayen for mflanon and plann uill under merous to hst bnefly include Lync 4 *ed's ouqude dunes esterid to the "When push came to shove," she cimstrucunn Mr O Conant =on the second round muh stec Ops of Chicago Calhohe Chari- Joe G $hedd Aquarium and the recalls. " Comed could al sys trot i egulators and secured a $)$9 milhon raie hae ties and the snu-dacrimmanon cr- Metroolnan hanning Councd fihe cui 10 to 12 civic le.aders from com-The tenn masn't past hrweser Mr O Cenntw suit fxed a geninsuon Leadership Council for regionT oremier development pol- munny groups to make a aplicar Wy use pacte mio eheWe to finah thmn and Braid cod as em Metropolaan Open Communnies icy group, in addmon to ta$alle had a broad base of support "

.ng com and slakenmg demand called enin queuton the need imhose founders in the 1%0s nn. Nanonal Corp sad Weigreen Ce told ANDat0LI ce the me. plann O

Cmsmwdywa roer 26 Pin Wur Hopes on Making die Green.

Inted...ml I suJ 2 vu.mesed 57A4 scoundi sif $4W smilum se iWu enJ nwomny si simstrm uun grouw nutl%m Ni CumLd evi puh twicJ $250 nullum an lW2 sureste an spoe et muiummy 14ie- stum pwmg to tuuonwri gwyet tiptemum and scitan ts en "1br) meten't persuading snp ,

Hw LAgislature and dw suunn An s ec uli. Coml4 444 $4 bil- Led)." ta)s fornet ICC CMerma hon in a rncells tchueg to Ow con. Lhen Cre83, noe a teletornmum.

"16 e 'carweltanun' eswe 2$% Off nicot," ue ICC found in ita bu n urucuan IW1 Heanobile. program dwfromnne1989 An $1es canons conwltwt in Chicago pe,mier '

Ldt on Ow subjnt en lW1

• tu.

"Their argon.sms at some scini '

ii.Hoon en tet 6 4e. Nt Mt weren't Memt eeships ea w etmurwoon sem:d Umi 2 as somplete 'of ~ ur d 0 Coman nwn4 red is pu h ovough more ' really argunwau enP arntil March 18 i HW SCC ener mounung aonwnwt But tempany eservines neerred uppewun trienw ow freus of bu. bhad "It man amp.ssible far Orm Ifouble With 8UdllS "' h"8 d'"* k'" "" C*U *"d *"'N"'8**********'

su euuorie rt

1. O'Cormurlastto se lhe teemets a>yucJ hi ow wmet side were at good as or -

&* W<>

M talsy dered" tum oatd muh Co t%i pic InlCC av ro law "ur suo plams LJ cou uw suwh end.

in) s ete. R ef e n't heeden!

enartw truer thu owirt" u36 pairich Creordano pica a Cnd County senittsN staie'$ allonic, 8ps L_ --

..e .,w.., no,s... a. ,f< s,mt . ao.. i bu Comtd numed eier) ibnge inur and num a pantar en ow Chefe ILLINOIS CENTIR GOLF

'" an w c sng tus NnJ. e-, ~ ,,w, , ere an, *d u, .e o,co ef , c.e, ua,s,i,, $. **"***'

,,..e .ai ,of dw su. suet ) ci Ow the illuus Septenw Coun f our .

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-... afe,rgile attagy fcw twierwing

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}3rOGUCCIV1f)'> Customer service and 3rOduCC l w....,

Me. O'Conave's f a Co..us ,w,a,uw,s .alute s oit ualit)7.

11 We compl etel>i restructured our a tu,u,m. 1 l ers-ar:d icit the company to p.*t i

ler ow past erhie ha cumpruturs lelG ODerallOns in less than twO vears

}

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81952 tand hde to cum.

Plete its LaSalle nuclear plam led to

' "d '

.or ,s ,'e?, ""'ie'""i. 'l s

~r".',"s",A'd in a sen,s of iengih

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p,oducii.ity. ,evenue oet ei,,etu,e and c,oup dm,,n.ned ihey needed hei, in t, tomer se,vice. when tempe,s comme,ci., tines la euw case, the ICC und Comu ,

e e,ses. B,ue, -s o,e., cuo.

clear i e ana $saeNy 170 sapacasy sa sts first year en set. *Thm were plenty of consuhants who claimed they could tell us what we needed.' says t.ect. compared unh the 60% 4evel Ow company had promised l Laocutive Wee President James Kemper lit, 'but we didn't went to be told what to do. We lost in the regulsiory fa. wn;ed a consultant who would partner with us to develop unique end successful solutions.

The NRC la 1984--for Ow first That's the way we opetete with our cients. Sticker showed us they are practical and florlble and sine-densed Comu an opssoung have esperience with the issues we deal weth.'

pemas for the fust Byron nacus '

l due Cs inadequecess 6a . . . quainy i astemme.**

la tuuk the vuldy 10 enunshi to WU' king with Bracket. Kemper dowloped and put in place e ver6 sty of focommendetsons. eeng i g,,ng,,teered work procettes 44, tiew self<ormained work teams with neuert ow NRC. The deby heavily comnbuted to $270 malth* 3*d**v' dual workstauona, to e creatne and Wrwsont clustery 6e wrneoffs sia years latet. Bei management s ystem, and more, Kemper showed 76%

ComW easily could have evo ded the whole fossCo. ecturding to a ett the time reeded to develop en 6nsurance cuote, and IV92 Ilhnoit $ufweme Coun dese. prerfuum growth is above goalin Some artas.

• • on. il sia nwnagern bJ treated k l NItC's concerm serenvily.

' If Maaswi Nd alcah wHh etw *Besadenhat.* Aemper says *BrdM fee for aR pus (NRC's quhty muren6el hmue in

'#*"" "' was substonestly telow what thew bener4noen 9,""[duu competnors had quoted We are satisfed with much of the tecensmg hogaison Ni $

transp6ted could have been Brecker. In fact, we've asked them to wort with us ponded

• libacus legislators also turned their backs to reengineet our task management operatsors* *M.

A sww law aimed squarely at Comu ecok effect se 1933, pro.

loundly changing the uut.ty bou-mets hers Where :enstrucuan tuait previously mere prewmed seawon.

able, the law no* forces Ow uulny k ma l((h u %s % am sue i s con tYfo e enn Wor

'stepayers to pay bck the uuhay. flow improvement. Technology 5trategy. Orgamterson Oesogn An ICC audit of Byron i tvened ap $298 milhon en " unreasonable" Interested in how Brecker can help you? Call us for a comphmentary one-cay re4ngmeeting contattsbon

osu tekong 6n part to the hcense For more informat*on, contact Jenrufer Farbet 41 temat ICC sudets of bvron 2 and D E W #' W

E )' l h ) h h D -/ ," " ' ' ~ ' #' # ' ' - - '

7 Crwisawe//new fate 21 l the encteditde Mr. Osurdano t'nedip retalls attanient m4en tw tergruned solely by [Jinna em en ententially avt strary td ariJ The (=auim ime em Byne anJ Braid.emmi 1hetaame i

triure.ed to han underusfied office in Dale, Cemte to imd to swgauste the o tih anywithou the twneln pny. propwirm of audnt.

av oppment." the i.wroa pouuon miurh (Jewin refused (ne to seset pan leie-heed am f

(Ame tinting and fir =gieg On tha Vice presideeni C.eivge Rifdes. Mr O Cor.ntw 6 gxuni man on

..* mould tw CornLd mnuonert found daict fwin ided su sharchnl*r in IVNand their tomtisem prese o as nuwe ibn 573 billion mes suiptial cuam.sies e Mt O Connot temains resentful. ased dw enumsun stariJsahmalil nui 9 tullion. arctwiluig terntwin, enuri and waie er.

ehr long hoe tant the essen. shohad Iduwie rever teenfailed to tell Me nngang-wita Giordano easeti) 30 timertwicne like a ncas on his inendh cemeernw nrds laverhirig mio him "%e ette 10 pears ahead of the endiner ihn and we poi saaned doen at the tirrd?g en sament to thi

" Thai oen eny job." thrvts Me Ibisket evis esecuine jd he u) * [sen. 6niDespite the W4 mmakutaurin Cnmu 5enior vac.gwei Mictact Watt.nc he.id ni the tampany 's nuclear des tite gwetodent of federal uranium pucewar V $ [Arghnent 3 m as twhind it-ibe tipunest enmmunii3. the latior (rww i Cerp in licihenda. Md . in a retem smerut* muna), the seori, segues that Bea J.< iud *as the inoeu.cens U $ nuctra tbois not orosertuw. the niait 8 alitwne), dw aistwne,i general More than any tient, mhat fueled Me O Conruv's pursuit of e comminion. and to. as a comequetue, is enem plani (<wnpleted in W IVl4 The glam emi $2.V10 ger lek i part.ac6 far the nwlear mieumem oas the failute of his sur. eco a the tutws . . 50 much for ingenuity and eresines)

• o ais n' c apacn3. renne 'ed

• sih $4 6fr) frw the enduur3. 6 sa3 s pnne l966 prtemal to tsun off liraidsund and one of ow By. Ver) diflerens n the ger pone eif seieruyer aucune3 ton generators etno en unregulaird subsid.an Ho std '4arnet. Mr O Canarv's legal armeus for a decade Me O Cemenw a (clure m o m wffwiem raie bikeuc pa3 l e i

Mr O Com offered to take a $%millina wenenff and to Aftet the one meni againts Com!A. ).tr &#smet runed en she pie calcar fungram oggeeaied mounded Crwuld and sai thareholdert a b3 pc seinur i rene raies fu fne years in eachange far a Wi0 million raie $pnegrwk heannt uwm ,nh t o dosen uppmenn of the it ska'1 i

owreav Lotd at a consumet o mdfatl 4tw plan m as bacLed 49 plan frorn buurwu adscu sitt en commwnn3 titifwird actesnn 3 secaird a burden bc3nnd sihail .hich me had av arut Gw hmet it Thompsre and Anomes W Mil Ham aA gas e a grayer of shanh and p n ed thai ,s. due in the insteaung regulaine

• li e as she 6,ngle nvue mriung enf= ta c I it hal en s lui ecqueectts nas th.u mese pni im enwlc.o pt.mn " sa3s M l e well at $taic's Asserne) Pwhatd M Dalei et alsn *as ao 0 C.mui.*

l 6 temied by masar I.s al ewilia f and supewvd L.si oies emru l'se done as a funfeuwwut" Mr Laarnet un ' l'.en ni at * = sliic 6

• pN IN d. l..s ih.ii m.* .s t.es iewd b ret's edebrial pape l Thtee Jean aya nem Cemil d pecudent Samwl Menews h etw liver st.6c 4,l.umt vi6 skiu psi . it ,4 d .e en pic 1.n o ele ilus tit ICC. in a 44 vue. tegoed slic deal ut minuh 1.nct. mall, scisted the tairpa3 et law sann mini tetaini he yau.in ti sils tim si pl eiis ersi' sis L e il en elii . els line A bisi elic pe, .t ,

sunnmng erwuemme puhhc twater g. a $i u hilienn refund f aithieuth Conald a ment segem #A

" flee emamnunn = s, twuiall enoesse n bait in inuri en p.in user twitwr pic ICC p,..r. mlmb og unc umunted

• e samy flic towe hayli.enil 3 feed enh an uwecase de- a m li.r8*-* "*e-+d-n*ww3 fusi =J en nwn=w3 etl 3driermincd the usefulness of the easi sen nusicae pt.im i hot or birrc*e p.ut on elui ehe ptmis a cern i e.cnncil -

k. i t i.. ui une eri .s I h3 s uine .m.t squta.u. i.. ru.u M-o r ...a w. n h, e u.ii l3 se ican it.it un ICC iks m Hvin.

4 i.I lu,.it....I " tie r.

ml me i ..cs il -m g.u. mais, o Radioactive ' horse / a/d v' ~ ""'"w

' "Ocyw "~'~'".~.

cie.h.wr i..y N. &#nen ( .wnl.st a pm er pimenual a.c mic on an amm.il tum. n uc imi3 m of us grows.u Safetuy record suffers meitdown any a ap.m es p.tsmirutal e aih s ensul fdFA hw the enileNry lite

• an, em a two mal ocam3 Asig N-Ciunl4 e as nmamt at if Commonweshh Winon Co had ine" t.y enme Zaan warten emte ad*a eif us teruiny a mucos for its nuclcse plants. tt the 6nendem aplears so have been she miths well tv Homer sempion Luwe 1966. four Com?d planse- result of " horseplay."

Dresden. Z4on. LA5ane (73 miles Returns drop, debt scars The targett U3 stomic generstar, southwest of Omage) sad Quad Coi. ai Amaasagly.the prank mes refreied Quad Cines en 1994, . ten a snull l ComIJ has compikd an embarrass. ses fan the Missimmi PatrHhave amount of radioactree maienal wass. O'Cunnar's sharchniders, hae ha couinners i

6ng record of 6nes and erushaps at as landed on NitC hsu of UA. plants hidden 6n the pams pactet of a twid con.or pnce.

sta nuclear plants etagmg Clucago. with taher "weaknrenes that warrant tract worter's clastusg left en a Dunar his heu (ne full yem in charge 1980ic Despne the reassurances of manage. mercaned NRC auenuan" or detena, 1984, Comu pmduced an annual average tasal et-ment ha performance has yet so sm. changing ma.

toimg safety condiuana sure of 21(95 fmcimling dmdends and suxL af twecimwmL prove markedly. la thew ment amearance tielare anneding to Bord A Co That best the $Ap Son and Oc=

The NRC has 6ned Com!J T1 federst tegulators. Mr. O'Connor and James TopJ.ComM emeevoves.

O'Connor, oure chasoned fur led by CEO temrs for a total of $4 9 enilboa since tus top mucker eneouwwe, Annet Uniny ovely.

Mechael 6ndenet, which hit 14 774 sad 18 429. respec.

the gap beeveen pronuse and perfor. 1974, when k began levymg such Wallace, said shai CosGI is evatng But ferus 1985 to 19F9 Comu's everage annual 6ml etivre mance during a Novemter spizarance hard en imfveve shofed to (3 535, at Mr. O'Connor's fadute in secure suffi-la WaJungues DC., tefore she Nu. opersuans

-.s tient rate hikes to rey for she caniencinin Iwngram took us ticier Regulosary Comnusuan (NRCk -

"We buend 6n re. 6nli Cewnf4 s performance trailed the $Ap M(20 28#1 sad wtuch lumness aanmic pianas. . ~1 ~ ensin a aueleat the Dow Jnnes Vuluy (IR Stra i The facass was Comu's Dresden - -- R cernpany." samt Mr. Dureng one panicularly enuth ureich-89#1 to 1996-plaru,60 trulse southwest of Osicago e :-- O' Con =r pianung Comu a annual urning fell vag, in 1166 mitimo from

~ < ? -

i to has tem per.

and a nature on se NRC"a vesist of s, 19813 millieu.. ei ehe compant scfunded mrecy the tourts trcasbled faciluses on and off far ' y / former, she 10 faund lud been unf airly charged se reicpayers and as et wenic mearty a decade. F """ ye er.old Byron off plant mut resected t'y alw ICC as "umeavmahle "

"For you to have the plant that's pleat i109 snile One mnwguence o as an inensung schanct on octt besa on the watch list for saa of nuw y9 i E marthmui of Ou. "Dunng the leic Ivn0N we had a ini of prudcncy dnallow,

- e a ge), " Byron years, froom a regulaeary perspective, 613e long." said NRC Disinnan s' V .,

4 --; clear'y shows thai ances and refunds arid I really 1.ad to borrow a las of money to

(=y tvils." asys Mr. Bukovski,ComE#s CfC Shhrtey Ja<amaa "Frora en opera. N- 2 ' -

me an have e ante lional parspective, h ahould be harri. *~ i

d. -

plant, a teliable ComE#s share of Iman6 ng suppled by lorig.aerm barrow.

fying to you." _.,

paars and an eco- 6ag far the 40 yeari ended in 1994 rnie en 57.7% of imi cape "We approclait that." acknowl.

a# t. / .

numacaDy arnpeu.

taltratinn imm 48 41. actnedmg to New Jersey dana firm O R. pugh & Co. la comrat the uuhty sadeury reduced en odged Mr. O'Connur, "and 35 ee. senalues. But manre than Dve phni ai de bnrvowing load to 46 6% of taal capaalisation from al 25.

that challenge." one4hard of the tasal Ims geo6 , w p ,6 ,,,) same ime."

Lang tervn detu peaked 6e the early 1990s at about $7.$ bd-tep's a challenge Coadd still snust it come since 1993, wtea meesty comple6nta Mr. O'Connor lion. Comu lasi pear paid off snore than $l t than of it, and heve ranged frewn aMed Gul Conid evencema, however, as reguisiary ComFA began ecsinaccuring tem espacerd to ca. Mr. Bukovsti says the goalis to reduct the roue to 50.0% by and competativs demands hold the to 6mprove aucncar opers' dope.emoking the end of 1997, company to higher and lugher stan. cons. employees to cond tw $801 enik Dunas the 1980s. the only sure beneficianes of Mr.

darda. That summer. Ove worb preencalbkee wt,, bom budsened Ice O'Connor's nuclear buildup were Comt#s leaders and the For taample, Comed's newest au- ,,oio,ey, mutlear gesu epers-era at 4ad Oues were in- ,n,t,,g,3 , lawyers on both sides of the quesuon Things only got worv clear plant, preldwood (set amid the jured-+me hospitalised~ tiara and mamie. en the 19906 mance in 19E in beiween 1990 and 1994. Comed's everage annual taal n-acars of an ond sinp nuning belt in misca a lugt9easure purnp rupeused adotants Comu has reported k will Will County) ncessed a daappoins. dunns rouune aesung and spwed spend $470 nulliam to fa deferuve surn was a neganvc I 49%. according a baird (An investor las review faim the NRC only days low-trvel rad.oacew steant m4io put 1100 into Comu on Jan 1.1990 would have had t=Jore the hearing. Regulators ened equipment at Byece and hnadwod Thai fall 22 waim at LaSalle $9) lefL including all d.widends paid, si the end of 1994 )

Mr. Wallace directed te commis- Meanume, the 5& P S00 retumed an average 8 67% annually.

"a lack of a quesuomng operators (and) a solerance for de. stuiude by met contartunnard stdle performmg surers' attenuon to a secent house, mamianance on a reacaer. Seventeen clearung la ComE#s nucicar leader. while the Dow Jones Outiny Inden generaied 1.24% annually.

graded condaions." Despoe she shoe. Mr O'Connor says esecuuves and direc-of thrsn inhaled radsonceve Inssenal s'up ranki "The Carrevianocahh F4-some la this pressure of the incidenta<xv4er at 4,omt#s aceting, nu. tark becaine they mere sus meanng respre- 6 son prognm today." he said.tors"is f arreireated from his earl).1980s deiermmauon to neier as reqtured by safety regulaucmt changed from the program that es. complete the construcuan program "I honnity do nos recan clear planta over the years take on an That November. ComM sjso was dment from the paih thai we were on t y any senior manager almost absurd quahty, But the safety fmed $u5,000 for violations at La- ac,d ewo. three. icur. sa years ago " or any teard memter '

toncerns are no laughieg matter. la en 6niervice. Mt. Wallace bh-

$aine. includmg "the apparently de, ened the comparuca' four 1970s. cts The reconecuen a confirmed t9 teard member Donald Ja.

Allegaisons of integal drug use at bberse placing of radmactive tcm- nuclear genernurig plants to cars with enhs dean of Nnnh eucen Umverutit J L Milngg Grado-Comu s Zson stauon ($4 nuies emrth tammauon on the seored prional so,000 miles on them "we're kindsie Schoni af Manateniem "If shere m anyttad in favor of of ChiCfgo on Lake Michigan), teve cludurig of two woriefs" NRC and of at a mayor tune-up stage from shuumt on u da n. I d.dn i hear ihem " Mr Jacou savs ecnfirnud in a 1982 NRC npan that Comu officials never found the cul- equipment pomt of viem " Thai an't enacil3 the penure paimed t9 famer eservuve stated " mar))uana was smoked on pnk inn an agency spokesman says Mr RifAes. w hn w therc = as ' uroeg amernal debre' Toed Ateo8tEOLt

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lend tu sumc." uy J.shn Noyces g Jr presnacin of Arwl Capn.nl klan- ,

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at dic une smw runnmg a imse. a en*ns." Nic ,U.)cW.adJ nel ese.N wys "AnJ e nules an nun h wmc tur hun m pannut.w. twi.euse Clw tern enest be satetslul be hn ,

H '

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• 1. I'"" '""' '"#5 *U '"'wi be umased or Fio ta BM per (aH For niose esidence call e-6co.ga4 tag 8 r dwoumi luovved darnig the tea m of your contract m so ca..es.ke ticaos ase and get Sempty Guaramtvd C@mputer.

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3e eimesisn'it* ( ^^* $ (**t'C'O 8k't'"*t tt y EGMUllM%MM s EwiinqE ppI '

C..usunedinne' /'erer h urema) m Comu "I m rww inin seeing the deurve the m.we me talt to item h" itc een of a major cubi3 that sessei a she es ictheir our evople ei

" "**s==w4 er*causvu uiteen ws Mr OCommwis w liv id twr nemtwrs ' sap Mr "M_M * 's " i n... we w m lo.ee pues 94'l 8 d*9 I'["n,,,,,,, u,* ** *'

he a 44=e a,e (miss teeiri hotshh senshised twtavd ha funcs bane of 4 tie ilhntus Marivfacieren eser3 t'ei es importantis sie ,

etc s[mi lugh and he es acin es)

• i"i ? '" **) < W"i*w th' Dghi Ann But. 6f tefi to the wailia) en- en tr' Sas e enovph capacop

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he~s peiJ and ec4J) ruu stenJ he st seems cowryeue anJ nesure g ,,,,% ,s i,,, ' t.dwm ena) argue that si has Mr O Ctwmsw respmds than the owneol dov ry a wwlmur e

d.=w a miwwkrivi pb uf ahwgning rap Com M gets on su erk e = swo b s havd io tell tw e n t Oeer 40Notr aguarefter o/ 3Aversemi' hear; af fire l'adsag j anJ ogwrenny ets generaient licet. eclifnes the giaid pti m en pimers talised tween, in IWJ aber a l Nt d th#s upc. Mi) are Hw tases do Ltepant etw lights on avi e, niit u aoki e au w high ' And a hi s* Itw e.inum9 aHaiL Mr O Conarv msna H l

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gigt eger3 innsetusW sg,1termt en ihn n eWir el she niou irnponani se of lus job

[g" "' j'"" y ske Hui tveden ' " ad s Marim Ca sucs svinfeoming the area from asi (Luf CfMIDJl __

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• Dan I\

si - Bright lights, big pity o n,.,

4 e.

Comed board hardi electrifies (rW0f0filft n alw Cay of 41 $lumalJen. Coseuru m, baed penwun m<eunwru purwger that

• N (Olof) wuhh (Anon ofs buard of directors huus a 6% of Com!#s Siact and %elb

& fellerin is known for eis long arms anio un - stigton Marwgenwnt Co of Dosion. wbrh y primwnn y j g Q owns 4 44 Hvovgh a sanety of funJA ac-e (clof BrDdluft1 .b <* ,g

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j' tudds a test im we 12+emter board of quws of 199$

Csunfal p. pent Unican Curp in fat Ltw Yg' . $' g, essngany has ordy one anive corpraie c Despw eiung sharehouet esortauons.

CID amung ets cuaside duenan many utilny leaden area's nady to get-Iwain a sw .iain un e (s.a a' lw" fann at or lewl esquired t y compeuuan But tlw teard tiuaus a cruns amoun of

((QQgggggQ fine local civic lutrunarn-eame of wkm, in turn. have Comu eserimevea em slwar em-Ed Brennan "We'n necing cadcal etange almuu overtught sa our tmuncu," says kschard da nos e pean hvis me we6 t mi ile nvues eseng tar besualm eid eman Abduo. CEO of Wauemm Wettne Power yes ipage llee bem snah ben 4mme. shraash inn a esediA sisid pebe ese k p4oyen' tioartit he makeup la typwal of a regulated monopoly. Co., based in Mdwaukee. "here are very boomma pand. vesalad owg6 s Icw uuhues an ile oevy iute have a "You're in a pohucal gann more than management team, or CLO, or even a n w(708)23b9070 ""* "c bad 8'a ' " "" 5" 'Fof O 24$ W Eooievels Ed . IMg 9. Unst ed

• West Clwopo. Il Peluman,"a pofessor et a'v Univenny taa'd d'ac'a 'ha' '"' r"' '" P'*' '"

- - - - . . . . ..-... -~

Chicago's giadiane schimd of tsuneu Uuhty directors. Mr. Petuman captama, y snucepsuon of radical ctange."

Tougher saveuors wdl demand nore from Comu's outse directors who are nie i free from m urp pt. pd $m a g pWs p for each 3 m

=aw tectur challenges: staang pres and i dedeg widi mnpeuuan nuesmg they sitend. and are ebgible fu genuons dim cunendy add up to $20.fx10 "T)w penuum on pople who are going Sue Ling Gin annually for eacti year of service.

THE }OHN BUCK COMPANY to make une bad of dm=ons doe $a **-

es g*amt tu annu.aru e that Inuden on Comu's board are Mr.

est to the nanw enntni as a skies an #w reu O'Conntu, Voce<tairman Lao F. Mulhn of ou M" he hm D DANICL M. MUweue Bei m marta forues npat agulatwy and PMm Samuel K. St.mner. M Munia, nae w UConna, sus on Die W I has twi prumuted to Principal fast, ou charactor of Caml#4 board hkely

,,ill tw transfM m 6, i ben League boerit) he ordy ecow caporsu chief esecv.

' "As the enveronment has ogluened, dw e,$

' uve among outude directors is Fennk 01 comfuny has ameneraind er put of -

non. 63, a lour car board enember who's ctwnte." says l& year CornIA Director l WH4EL A DUEW '

I chairman and LO of Heau Corp., Ow

Dunald Jacubs. dran of Nanhweuera Ucu- .

nm-a<ar subudiary of Ford Motor Co.

RONALDj CAWMA scrusy's J. L keltags Graduaie School of f ,

The toord includes reurees George l Managenem "When that heMun . Ow khman, R founder of Johnson PrMucu I

PAUL C HilNLN bhdH3 *IU IW M'OO"d

• UW dMh"3R5 *"' "'E' " Co Md 8 d'MN biREI I kEDLklCE j SCH AUit hw'n ut the taunt taking part" O' 8 Ad

• 0'd l

l Mean. 71. a fonner twe-peudent si

! Mr lacutm R was une of only two cui-DAVID LAuter $ulTH _ Arrusce Corp, whopned in 1980 sede direcours wN agreed to be smar. <'

} Arether veteran es lawyer )can Ahard.

I have twn promined to 5cruor Vue Preuden, 1

wwwed ne uiher we oucaso Ortan '. . -

- ti, pesideni of un mnuenual Mewupoh.

! League Prmdent and CEO James Comp-non inn Planmng Council (Comed Sesuor nun,51, a teard number a are 1989. (Both Vwe-preudena Cordell Reed uts on de f (twded with Comu Oastman and councd t tioard) and a director since 1973 Cheef E ecusise Offeeee lames J. Receni ei.liuons include tnvestineni j

O'Connor-a director of brsh Nonhweu- banker Edgar "Ned" Jannatta.R a semor JE woMg R. CuttN "' U""*'W'y and she Uttan laagw-be-fare agraing to speak )

, panner of wcham Blair & Co, who carre

$HEKRt il Davis t ._

on board en 1994 Entrepreneur $ue Lang l One fa1or thai should goose ComEEs

' [DWAkD A DVDA t=wed Dectnc company sannagm incren. Jean Allard O'" R '*"" * *"' **'"8 "#

pagg A go,.gm thmg Fast Fare lac., w as added m 1993 tagly are answermg to enwestinem profev he lateu outuder should ofler an meer-

$Unw$ Mtu uunals. not widows and uphans ne numtw, of Comu mocthoiden fen euing penpectne as Mr O'Conrun figha l

Krfn A $w AN*ON b3 une third. to 132.000, donag the 10- *g cani tor quict change 62 yeared 14*md r Brennan who took his seat lau yem aber THOMA5 N TUniCw' year pennd ending m 1994 the company repons Today, about $5s of Cone a reunns as chairman and CEO of Sean Rwbuck and Co have twn promoted to Vice Preudent common giock is now oward by muival i

, Mr brenrwn, of course. spent tte pa' funds and other tng saveuart actordmg to CDA inveuneni leshnologws inc, a it-

, decade lereng off shanholder ch4Hoge before fmany agreeing to sphi up an ur nancialdata firm m EackviHe Md dervrfonmng Sean imo reuut, real esw 2M $iserh Wnb er Dm e famle89 The two lasyeu sharehoktrrt indepen-

,4 i.....m e . .. D

• and hr.ancul termes compames

i We,ve registered over 5000 companies N,< ..e '

in 31 countries without losin e-mari e s-i.

i Cnmme.ed/rne l' age M the tu'n of the aemur) anything* in the translation

• g ' ~ " *uo*u-**nei~

• ~""~".'"

• iasn't gone down I like to mo4 (Lut the tendens most was made * ' " "'

l And Ilove what I'm doing

• in 1991 wieti Mr O Connor de.

tidcd in live eunide Cami.d s et,

!*9 ^

~ .., 3 -

2

'M-e s Cash for consultants a u"" 'r= $ 8* ne ic e*r*r i~o E -

/ - ""'"'""""*"'"*'

he told Ruurli -

• , t ' " * ' '*

hat Mr O'Connc. n en. "Ms gutsecrune Reshnids feelir,g ", Mr' inc t "n i W ,ing 4 arm,mnu

<aich.up a.itw*e feu = h,dapgm , s.n oc a go, ps d.v 's N need Q annihcr , ' j q,6 - unhn,me,,

4 j , l ,

l at he ten se he Imb m- tus Mr O Cegere made seicran * *

' IL p e e e uwe , n ,,, ,,,,,

.ide and cuiude the tvimpans for sihnm. RepuW an snuft Mr 8 *

• l ,, , ,

i ais to make Comtal compruent $Lmner 57. the fwu Comtd pew .,m,..

,? g 1 . . . . . T[ ,

I CtmW has been a esth tou frv detu eho hadri t come up stunuth -

- +.-

resuliams, u nh Mr O Ce nnnt suanagemem tank.

• r*

nmmittioning a half 4nsen re-

.irus tunng studies smce 19R7 in Mr $4mnet

• int ha twen s.i sc. j seiwe Comtd a pnhncal sinus mmh .

let Hi W 'i[ **

w alone. Comid paid $22 A iist q

of a bmered a.a3 duner the ican 1 J ann to three conschancien-A 1 of rairpayet amgannn 1hc 'gevif ; "*

j  ; ., f [ M;4 . . .

i eamn inc . Aridenen Comulong formet f c'treem-* h M medu ' {<

,,..,en,,,,,,,,,,g.,,,,,,,m ,

l  :.l.P and (lana Alten A Hamihnn Omm.wi fm P.ser .4.' 1 m -arcinding in staie retneds a_ __ _ _ . _ , , , . .__ . a l 1he inmlete male.up t all come in m- . _ . - .-

• N 2. the same year Cnopeu '

i.nsed the Nairnal Enceg) Onbr>

kl shich sei che siege fra tuli.

n ale enmprenenn by opening up the 1 4 hnicsale powet market That year saw Mt. O Cnannr er. '

urtamly chnp CrunW s dmdend tn

)

8f1 tenet fenm 75 temt h e as the i itu sich reducunn en SO ytan, st.

bough crit 6cs rebuked Mt. l

) Cennnt Int two elimmatmg the ta)ous completely.

tilennet Power. Int 6 nuance. thno mated tit dmdend ennrely three

. cars eather in take tlw het inr eit own nuclear woes. Duff & Phelf n efswin that dit of 87 elecine vulr its et tracks either have reduced or hmmated dmdendt since 19AO +-

'These actinns should have helped e disrel the www that the indue.ory

• as a safe eavestmens haven Int . *.

widows and erphans.' " os firm old tiems last year.

Also in 1992. Mr. O'Conant be.

tan pannt a binated payroll that ,7 tad swollen to aboui 20.aC10. and educed cafutal spending and accel.

wated changes in the sales inrce er.d ,erimon, units.

"A whole senes of thmgs in ihai A MENU OF nnat and summer. iodine r in tw ,edumn of ow dodend. .m WISE ANDVARIED CHOICES inigned in have ihe o,,am,a"an indetand ihai we had io he a w a'*'." ha $'r'- h,IS THE BESTWAY TO NJOY ONE'S FORTUNE.

Other charises followed.

In 1994, Mr. O'Connor appeavd a a v6deo released to employees.

skening the company's emismihar treamnstaces to the World Cup ncter toumament then at $nidier

'wid "It's a whole new ball, ame," recned the one time foot.

iall hopeful. "A ren-stop, fats-aced. gnal-onemed game "

Also that yur. Mr. O'Connor re.

eranded Comu under parem imcom Corn The new structure la adical response to toimg the The sinA nurLet can be surtuk ni One til timat &cea n balanced. Ined meome and monce markci funds. we 200 milhon.a. year McCormick and she ** mta can ctundt f atursuch . threc) mvul h.ird awkme to tum imesamens retums ame l 1 ace contract to Peoples Gas) al. a m Lv w to sevAmur nryne h suiuse truncul amtstof seiurns 10 find out bons <ntl or nsn a ised ComW to spm off and capi. puis lus chnw inwn a rumtet ed inry I nstar Imysimem St wube today Thepec reps-alise unregulaied subsidianes that term wil ecscarched and wlbanah red

.m seek new profits at unhiy mar. scred serixniaints of ELin amessmem peer en tpun fivuroiVW pa mch '

4 Q Swrm es and c.in t,e foon I at Firsi.it

• • hth'8 n- dnettihed trwcsimems Wuh equity. v. v It. inks throughout the Midwest So f ar. Mr. O'Connor has mnched four unregulated subtsd-ines. meludias a iechaningy de. Do SomTmNc Wmi ipoun M oNr.Y' clopmem van and a bouneu ihai twraiet ice. powered air. condition-Sg plants in downtown Chicago , c. m a fggp lpgk 3,e rg, ,wo49 h ik I[ilC iN Ll%9'LTran it arh tY swwrmtheov 7're .me rkt hink 6LW it redipt" ind has plant to do hktwne in I e a p,6,.vemih IMw Rwa a pinn avtpam ss.Me astuc autse rwesu vie edaliT Nt he nn td iMw IW*

ouon) The tradihonal ComLd a w ime ,w ,w%n h mom tr.svu .vn .slmreasig .s0 x.anny m e. vs .nl nun evnpenmmt erre ecincny franchne sull actnums pqAg in iN cunem p.9cm. 9avend W h'nd me swV h it( 7%AtwV Mrp an usktvesk m third ptm dnuevie

't 99% of corpnraie rewenun anJ  %. s m e,n h, esmh shumm atm rena han vanh sv .wst syw .6n a ege em a i me ernmts, but Mr O'Connor con. sem.ir sp, c. c. tiny p,wo l u.ge,vc, ai i *@ mu re.V iN pym.e t**e nwem cV w ~

rms the new sut sidianes are es-tcied to generate "several hun.

ed millirm doliars in resenve" b r., % ,, s im.i. . o.W s i ..-im. - .- r c ise a ei

• s

n ,wm.a. i, i.* ci- r cme is ELAINE DODkA's Temporary Associates a E7iimiTME 6 voue nd nove,t un serwc.7emporary Help compone  ! Comed could see a financial brownout if it is not guaranteed m u, soul our e,wn tienefas. eng t,,m,,,, , a full return on its nuclear plants. Moody's last summer pegged

' Its stranded costs at $4.73 billion, or 87% of shareholder equity Call us at (708) 893 7336 oe (312) $27 3933 .

g,,,,.g ,,,, ,p w,,, c,,,9 pg,, ,n,,,,,, g,,)

y,, g,,g ,, P,,r,, ,, 0w $ a notriquet. dunns puce decades in Sprdi, " whose fitu 20 years unh the) are ter) uneasy

• A sour n toMucwd by Dan !

[f hpunervew e6liY out N ill.IIS / AWM M "$am W Cl~

sia.ier Hc Harntner" and "The us Disa ' the pohiuol iee"-i Mr. piam. arena hase included

[mploymens at he Will Counn ban. 4 praets Coni on ow Dei riaires kner, feti entmeennt traduaie of N speciahu .dandwere an the M0chineIOols O Crunu t innt man an $ruint. o 229 morim lesi Augusi from Unnmus. Accordes to ficu. ohree Hhnoes' deregulaiian MS tau Fettuary. By neas year.04 Spedl e shine biruner. Mr. Bar detisie Okely m ail tw seuled number mill tw 167.

Manufacturiflg Technology Open House in uo.emte,. He o Conno, Mr. spedi teens . ihict sh,e pouuon m-ill te tone after 1997 white.coita, worters ut, F RIDAY, February 16,1996 becur,ha p,,, g,,, in ouitent firs Chicago binder on his desk, a Boo Aika re. Baraban have taken Ow his so (,

M r. M utlin. $ 3. e pari, that is his ro.d enap so a com.

6 AH undt 5 PM Comu we. chairman-and his peutive fuivre "si's en entmnt Mr. o Connor a setie,ctus, hiel 3suc6es or No=, she Cto is focusing on e CZ Madre a lothCormancru & Autnones e Meuttgy tinw for one," he says. "tecause I comp,iny's 9.500 omon worl "Oviguing" an bush wnnes of the get tie chante to tempete But if Continued on Peg itcynofds Machine & Toal ' '"d M ' """'" * *

• P'"'"8 ""

20H N lith Avenue.Neirwe PnrkIL 60160.I198 , fin #[n$*'efe'r' m's7h DD f or more inforenation contact Bob Carro '"'P I"C "I N"' HP 7' "I phone 800 32).113) or tas 800 $20 0121 tu'T" die Thu"'ng et firss Clu.

I caro ahie h J made him e leading ,

presence on the avw circuit Mr MuHin is t%rged wuh Ib 7 .

swnce, sitaterw plannmg and un.

y,,

I suSiNESS IS BREWING l C7,"Y C',"Ei7,8",p,,',,', i *. [ ,

i,+,i,se. ,..m, o,,ou,a, ,e,via. a. i.

4 Join Seattlet Dcst CofTeci I tienchisc Tcani.

"? ' '*"6"- *'

• M * ""'Y '

Cu gunishant adviung the Contasi l

~i- . ~4 ' g '

"l Gr /

3

,,,,, .niem, then as a rirsi Ciu.

j p" h r-5;wruliy solice retaihng is luit Asul nobody dtw ti hettet cap twnter-awy ene him weit 1jj s

i i y "Uwum n in a surneuund '

SB ' ihan Scaulet Best Colfcc Now a'* au you nu)' be able to take ativan. Me umHwy

" sanP'ubably need d.

buuie analysi a {.u3 -* r 52r inge of onr 25 med Titellu Jr. of NatWeis secun.

,,, C,p s, g,- Yak who te.

,.gs knowiedge b) invcMing years ofincol a (cc la through the aiut soon Jim o*Coanor brote trodklon to tap Eg lieve. Comu win be one of one outs 8ders i.eo uusun, center, and som surwar see top spots.

~

multi unit, Seattie's tiesi dozen or so uniuses a survm de-Coller franchise Total projmed t'"aa aat* * *.

investment from 5600,000, includinE Od*' **'"d'" M' 0 'C'"""' Rules ofsuccessIon

$190.000 cayi il you have the cxpenence han t=o in in Co,,,,, urhip,m,i, s,,,clude Generai a ,

es

,i g.g. ,,m, n aa and resources u takes t,nll us today ove, nh M,. stinne, from sidicy be w gg g gg g ,,

reanchises now available throughout f,,^,"w",'" "p,,w,w ,

the greater Chicago area, ebung vice.penadem James Sman a the new No. 2 at Cbmmonweakh [dason Co. and punt from Adanta's Southern Co Unicom Corp., Vice chairman im F. Mutha is wehaal.

Wrivany every top posinon 6n uw boned to e-d 38-year old James J. O'Connor, who for sk'fash. coll %' Suan 5 unim ou~ **dc*' d'nuon "' s=*

• mc~ ***c'** "u"** *** i* 3003""*** '*l* ** d** M'-

} comm or past four years, as Mr. O'Connor has targeted for opening M HiteI*HcDF D F M eE O'Connor soughs talent frora as far

's smarket to competidos.

IPs the ensee siegHip spa Mt. Mullan bekl as presidset of Efet awey si Dectriene de France, ow Qiicago Corp., before the beak pas sold lastyear world a biggest atomic generanor, so NBD Bancorp lac, of Mr. suddsaly found Meanwtute some 2.000 ensnage. tummelf with no cdhief saacutive's post to siep inio. .. . . . .

mens-levet empioyees have lefi g Mr. Metha's jub is to beJp Coned succeed la ths ut!bryledes.

""'*-- smce 1992-most of them wnh a try's newly coovesadve merld. But there's ao guarsnies rwsu

' N benerous buyoui check. lacluding wiH surthe the armaatnaa so a tree market. la could be restruccared j N faattef

e. Skinnera predecessor, hunas, anJ Mr. Rifaket Bide or evea acquired by a stronger utibty, leaving Mr..Mulbn to repeat hinary.

• 4 W "

No more ' job for life' Widi a asuve tie, Englander's :- the 33 year old Mr.

MaH* downP18YS his WPward swthry a Comed ud imisu his p-try last fall has not genersind infighung beemeen tua and Presidrat I'Ou g01la make Some noise. he Darwiman struggle to Samue! Sklaner,37 Mr. O'Connor's other big outside recruit p,,,,e fu, compeut,on is "non und of considenons are em on anytody's nunds si ihin pig == Tk News: Anasem Mwe 4.umu on full display at ComE#s point," Mr. Mulho says. "and thars ow On(s honest truth."

D%,w,,,,,,,,,,,,,,,9,

,,,#***"j

, , , , , , , ,,",*,,',",*,' I eight coaldered plants.1wo are for saic, as Mr. O'Connor seeka to rehe carutal and avoid the cost of CemEd's top off'acers la finance, strategic planrung and unrego.

laned businesses now repon so Mr. Mulha Mr. Sunner resains con.

trol over ComE#s legal and regulsiory affairs. Mr. O'Connor in re, whi m any s ,i ,ein,. mMermteng the plams A recent se. cent years has focused on egersuons.

w mu64 6.t u a .h o b is a connes fahng puts the total prwe t.3 Unhke Mr. Mutha. Mr. SLinner isn't seca as a 1.kely candidaie to

. a, p h e. u .ws m.I.d u hae ' for Kmca.d on uw Chicago-ladiana

.++6= p- a == succeed Mr. O' Conner, largely tecauw Mr. Sunner ts just a year 8= r.= b=* ara da rau Rame = rhu =k butder and Powenon near Spnng, younger than Mr. O'Connor, and the longume CEO says tw plans to feld at atwaii $250 milhon stay put for amtune.

T'iosu es29.1996 - a== to s:3cr" Top managern si Cun&s usher M*"' ""* "'** " L ***= ca-s* Mr. $Lmner, who learned spin conuvi danng 25 years in govem.

Itausta4t,o= fiu swlIbed plants are tong pushed meni that ranged frorn the U.S. Attorney's Office en Ducago to to teconw (ampeuuve with the rest George Bush's White House has shoi down incessant rumors tha' J Q,q*; ';" ,',y,,,",f,d OL**7',,'l,",y,,*,a,,,,,

,, of the industry-cr see iheir plann he is looung for a way out since Mr. Mulhn aquecaed into per shut do n The difficuhy: The fa. frame. (ComL#s pubbe relauons office now irisats the three esecu i

cas NawSO che,oge as.e Cagne, se sege.e, cahies are an average 33 ) ems old byes appear together in photographs )

and tee been treated as stepchil.

312 322-0990 o,,, w o,, ,,ci,,, piam, for exampbe, the former U.S. Transpanauon Secretary quashec specutauon in January thai he was hem, considered to beconu "Yuu can hea a km of tw.hing on CEO of Pennsylvania. based railroad giani Umun Pacific Corp.

sc 4 em ATsf @ 6NA WeO Hwfejl $@ of the busmc3 b e. Mr. $Lmner says flail e "I have no agenda tryond thss bb "

i' .

Cimmeriffnen Pur .f 2 "I am twfwwwliy adieushed stui nyswms to an indelwndem elef anw U$ utilny stranded tout han suanded ecus at 1838 tidhon, miniere puving less uunpbm 60m'sc sintumes. unh liing prmJ "I de's ennk dere es say quev sented from aero twtuch assunwa alcui IW ames sharetudder equi "Tiw add guteuw was hecp enderwndent tradiivms ariJ sm ew. twin th.si ttiese businessen are guirig consuniera mill get simL muh the lht flDI enumaw is higteg it.

immer sute sleau stay ind of trimble sewn) to she anything. we w,mg. to tw untiundled utid retalued tiy att entue tat >l to ly.U luthon or tirarly that of Mau!)'s tecause si seis

.mJ you 18 tuse a y di liv tilef ' Lei i ski it.' " wys Jid.n Bee, nwettipla e." wys kr*i Jorwei, erwn. doutile notal shareholder equny in time hmn tm gossit't losses s y Wilhe.15urt, pes.Jem uf La pesalene of Nem hwL uncunwm symg ihreois at New Ycek eastst- its mdustry- if forced to tornprie today, wa

.al 13 ut dw imenwuimut tirisNo twnk Ban Des hn & As.mwies, a hwm tunt Margan $unley & Co Mady's last sommer esumanid out si guarameed recovery of amid of Ilettrmal Wiwien. elia Ley player in reseen nwryers But Mr Jiwes tavuoris itial bit CurtilJ s strarided ctists si $413 stranded costs. Coml4 a met me wyewd tui muh Coun[J emo ) cars Lasi yeae ahn um etwegeri on de nuc6te vunnies thke Coml1 al- talhun. tw BM of $$ 45 .alhon in towld eesporate, actotdaag aui of high wMet m IVM "Tle law Ciusa and m str 5mnhmeu. 4tinuyh Mr Jorwn desimes to narrw s6teholder equity. tnt Ogure cow- RDl's calculanons "la that to

...nrwa) n Ahm6cl> 6elhng us they adJing to earlier unntmworwn on runwu nwy sonw up iJunt in Ltw cri euinwied lonen over a IGyest the shareholders' equity would me ras en ih.a tiusnwis w9nuve " the %ew Cowst and in the Midwest i transumn twsaust etw cows as ae. twriod teganning in 19% wonh6r st," says Chns Seiple.

Ms. 5tsi m.e ekucJ evi a pt.a. Owi erstu14 such etc.nem as lo ascJ m nh their musicar plamn etwLe in Nmemter. Resource Data in- mww asurisie consuhant.

sium ed grums aimerk wati Civut.J min M.J Anwrwan Lawry, anJ Cm the sump.imes mive taliutde an a ternauonal ik Dil, the Colorado $tandard & Poor's recently too lle wyn ha iseenilwes iets hevayed smn.su twd ClNetgy Cswp. mhwh o tmele than m pans sumpharwyi esunwied Comids Contim ed om fage in llw smernesivul e univihd.mani pimers hiutern Oruu and irutians hueshakming Com[#s (muen of 17 lasts mio avw hay.immy uim The Midwew erwrgeri crease p> twl diffnulues en the M& A ganw.

scutial nunpeinlien fia Comtal l'es'o's sJsarnes in PPAL laat fall

• Iwo yearn ago, unestmy simw mirt- ,

ers' men *wuy maius Mr O Cieves ilwy al u sepsuwt ondywi predie- amere rebulicJ in pan tesaume of iknen tw pemi hw itw s tunge i ewit thal etw electrwniy enerLes of Fecu's euuly sukar piamn ,

The unum ic4 Jet and slw CLO uw leivic will tw skwnmmed tiy a 3 nwt inhwnuny early lau f all pui- dem dwen supr.regsmal generat.

Thg gjgh{mggg . !lrHirHi{rf } fiHf ridiHr ung awae siwo dinercises ha snuit say omgwaw -a sak Llui a sciai

• ulk. "Ik's no nue, mhen you talk helves! Cimild oiulJ take im mM le vulny mJustry two a gy b. dsen(ftg

1. .b#sertey fiffs to luin, yne'#c atrani y m're giung u. sewn esqunnman anJ niergers tiunt urd I.w stui's aihng "g ,,,

to e ant to give lum ) mir mailet? Gru enennen a eeten to alw days Counf al "ss 4 idcJ smit" -

wys Mr heart ut hannel lasult simi im 3bsiste li telers to iniewnwms }~

tive Mr O Cinm.u alwn muse oil empire, Yet having a mighty m.uk by pmer unntwnwt namh as ,

a tuff semury of 1.d.w guse. miwn Cienld serve aiurteis in neveral Byron suJ lira JuimiJ. o nh the es- .

Cinnl4 sk pin uise s m u s.dwi u.nes. ime pw Newerawern lihmus. Iwstains the segulatiwy authiriues ahekl med talks muh Mr Surt, souW enmure the a nwsiv skelne *niulJ gumamee etwm a tenurn

• wlweie owmlwes lwwe twn s ul*wn a townfat hw ne.uly a sem vulpy renuine kalquanesca 6n Oweapo-a peut ad sein usult omi-Thefe's no wys dalJy in a free nu ket.1= >m ever w $ , ,

'I he divitler ensue helmeen nwrsul and new empiname .Sume last year, esimunes uf knal 1-800-266i8I77 o Messes $ure aiki il Cium.w n Nane entwns twkse Nivttwen etwihet Cannt al. ahet hieyeny enn liml .nu l'iihta herske siivu k a enne wsmLett. san innwanse ha- yasinukh Pnew's Cemfal nh.

nwt unnui jnh*

Mr. O' Comme tus twrun in on, ni== L ight Co., the atme's lument.

H

'Y suu generativ, alwi avems a gium! \

pone lui tenm uml.sievally. isu ca. puennaltaget .  %

arnple. Iw in turnmg met numie- Mr. O'(canor stresses that twme mwL si Counita nul bred ComLd 6mn't buying or nelbng f f f plami anJ inlief facihtecs tescep um "Af t we discussing thiagst 101]yOuf *;

U Oi Ouurig 012

&uee," he says. "But everyone es. , ,

she nucke generauwe

=cmure of Chiu,uawsed L. to alane iniemany. AnJ wiii we tw kmung l.

Pamwes Ltd. and Mil *4ukee Nied at upaud Canamly we win-end

canOS 110W 10,7 1011S11 9 CourSc.

Juhmun Cuntruis ine. we'd be luuhah sun ki, But nghi . ,

Mr. Start Ns Gled cienplaims of now, mth nur ncale, armi nare im- 4 WJ fath turgauung agems: Mr. pwtamly, wnh the quainy of the

• 1 O Curunw wnh federal dutinenses. mertwe lemtory we bye, we have ' '

4 Last mmwuh, he mani hw tte 6tw bnw our hfuls full " .e6 3, tlwa llw unmn m as pepared ki unLc 46e could surpnne em: d 4f Mr. O'Conaw d.J new rekm trump his adversarws se tumm-ey On a snowy mwiday in January. restnraunns Comu to take aivan-Mr $tarr ralhed 1.%I0 wswicri to a tage of naarkes changes lunchume nurst annude Cannl4m 11w meses cisnemm agaarw of.

headquaners The wurten naged fered by utslaiy esperts: Mr. t the tower sa a line four deep, shamn- O'Connor could wnie domi the nu.

ang "Our work uur propic." skar plams to martas value and sell

, An ugly senke suuW Junier chab the cumpmay's aging stal-6#ed 1 i lenge ComF#s rehatuhiy rouwd Ikst /.fierwani, he cuuW fanas em 1 Mr. O'Comuw wys the cumpany Ctwnf#s puiemaal strengths an a bn a omtmgerwy plan that euuW nuslear generauw mal symrally la-prevent senne imenupums, tun he coed transnuwus puvider.

( em . Eam daudita. De a llero, De a Heroine. De him!.

decima to pruvide detads. MMrMConnor's every indwa q g,L,j,je 96 I event or Outin Chica Ust ""'U' 'your"d "* E""d' ' '""*"'"g at" ""U'go's " "'I*'Cour d *" .

Mergers everywhere est ta the entire nuclear invenrnent.

=Y and conwnient.16 minutes f" rom downtomm. Easy [or enryone.

Many twheve he can't make any E. y from anywhere.

acho un a twuuder scale. Lv. aggresuve moves umil Comf4' C omu's amernal strugyles erything in changmgwire- curreni rate case as settled 6n the maskally, quk kly , couru. The company's securites T.e championship 18 hole courus. Both ',72. Crafted in the d

lirdre style of Scottish seasde courses by shicago golf architect last year saw a record 26 mers- Ghngs predict a 1319-milhon re. D cle Nugent, daigner of Kerrper Laka, Seven Bnden, j eri among unhtws, wnh the deals fund if Comf.4 loses. A decuson as Klein Cr ek And, no courw in the Chicago Datrict is better t valued at $8 80 bilhon, amwding to espected in the spnng conditioned or enore meticulously groomed.

New Jersey based Secunues Data Moreover, ComEEs future laatul-Co. The once gemeel indusiry even mes for cleaning up tonic waste si Plan your Outing. Play your Outing. In sylace you wouldn't was the scene of a thoroughly com- its nuclear plants may leave it a believe. 425 arres of green. Oddl y remote, c,aceful, .erene. Savor mon unsohened takeover attempt, m allflower at the merger dance. Mr. food sermee by one el Chicago's luding twtaurateurs, and get when Philadelphia.used Feco [* Bdovski, the CFO, tsumates the

,,juableis . in a chnic b ergy Co made a tud for Pennsylva- total clean up costs at $13 Inthon, nia nval PPA L itesources Inc. but concedes there's no msy to john ja s Academy.y the PGA teaching Irofessionals ofCall n The pace of deals was eslucially know the evemualiotal. date at Harborsde International, C}dcago's Courw.

funous along the edges of Coml#s Afier a pencxl of consohdauon, '

service terntory. Three tng vuhiy mdustry espens pedict the remain-mergers hnked the parents of ing vuhnet will spin off their long-Newthern States Power and Milmsu- diuance transmisuon and local dit.

' ket's Wisconsm Dectrx, Uman inbunon operauons to focus on

• Doctrk Co. of St Louis and Cen- generanon, indeed. Mr. O'Connor g g tral llhnoan Pubhc Service and conGrms dncuusons among several W Cmu Madison.tmed Wncupun Powet & Midweu unhues about turnmg ove' Lighi anJ ewn lows vulnws nunagenem of their trarnnusuun Foe information or reservations call m2) S T AAT.E.R Just cat the Calumet E noressway 0 941 at the 111th Atreet Fin

l .

i.

( ~.mu pr./ /s.mH l'..t'r $ $ Ceutdd #9tislJ las tr wis SW t s.s pertwriW en u.* niteruksi iswis pieer snartet. etiu h envohti sales

.hnceceu tas 6 ei.J s umwied siec L o tale Jirced) so w=er.-.huti m.them in $197 tuneim in 6.he sesc. cumwie tiescork wwsimiuruswJ en wohnes pn=ce nurketen enJ tuum isw nua tron, t.arn

.. t. aws

• th.d chhncs ..mlJ wiert nues- w 9 4'd en h V'd ed th 4 ual a nwaJef ut C e f nennel cia.1 aus nioniorwiet.e. In p**d paskccJ 4,

a simywtune on.who temsta d yeart3 lcw .i6ces. ling 6.i AA P. llie Al etw usic kiet. al.c nivr6) l itse seeisitw.i> el et mee. n.s al6.i sil neigt stic eycticy has tut kteA f ell fr- In* tif violii) deservleti.iri aire storn n) pe n es h. siws tew ui b er hgure e sunice tiui pden- scone') "flic seaven oc lutcrit tovery of strere&J cc$n through a hast twen piernted an Coldo-

, Visin.cs wnulJ 4 nc hes.csu $10 s uns ein.LJ litwral. ..nl3 hey own- n dw.c is n nhing to sur cw . charre to tvupmen who ph their i

biHom enJ S26 h.Home en wlo #1 IN owh ul en ut einiverwl 6 va inwn put e. ,14ets phwheln).[' tw ca. treJn <uwl paese wpphers het hnnw 60 umir of the naienn3 4 tu ficorico, girnes u.ainu3 uds J6 n rvisi.V e.sta) esis.ui shats ly , it.c higt.cr leyve s . ,H gila.en li just nei i owse ** ruts s a,rc e af.ct'ted th,s st.irig Thai stan's eggvigan, si,o y Cimqwruo e nh high reews. ump in Cinnl4 u veniwes 14w e s emple. ur O C. win v The DJs haveier appear to egn d.ne in e nh plans sur e in it bac C..ubl osiolJ 4 Lc Hee Mr O Cimn.s es sanyume steivi twse Jelened ks 6444f retvlas.tr. tw trwict trginnerig ihn )cer Bui

.... lui es s v+mwn n.m46 J cte Civnl4 i wrenacJs,he -.w. m ha pena las.ny en Hee i rJerdi Cummnwien Leweg) mker.v-

. twer.nps legnianr3 am om muensicJ serst es.

mhas hw pi.cr ensisaang ... asseleJ 49 $uw use , H.e tak ut them Counl4f tus rewruouring the neminal wiedewie sue as n appl.rs to reuil tales- Cwumer.Ime rer e

Crain's Executive Properties

morn-acau mnremsson u . maam am.

! FCECA 1939 RESTOlmD LOG CAlllN3 Crain's trecutive Properties i v, . ,, ,,.... Ci.. .a .u.,. .., u m.w. s,. .t.n .h u . .,,

CALL NOW ABOUT ,,,,, _ ,. j/

LOG HOME ,

7 n on. .n ~ in .m...m.<d , ....&, , . . _ . .,u .. . .

... o . n. . , m. . . . .. i i a... ..o .. ..m.4 6. .. SPECIAL OFFER. . ' --' ".~ ~; . "

m.. , m. . 4 ,, . . .. . . .. , m4., ., m. . . ... m . , _ , r ..J l .g, ,e.,.,,o.,:.,;,.. I,,,;,;,,s, FOR C. SALE ,

u... h.. ri . . . io

..m ria. i3 ri.n.s 6., awu .. i .c+..a h .,

,vailable fOr a limited time ,

,.,,.t.

,,,,,,,,3 o u,,q,,,,,,,,,,,,

.. w. . n. ...,. . . ...r a.s., u, . .i , u , i 6 .. . . a. . *~"'"

i. a . 312/280 3163 'Y - *

.., .. 4 r . . , ~ . . ,, , , a.  % ,,. . ., , .

.',~,..m..,s,.n,,,=,,,

, o. . . . . . ...........

e.. 4 &r . + o ., e. .gw. . h . . .. 4 .. muu,  : g so .- ...s. .............

g ...a.o...ua..m .m m e. j O,g,,_g , , , ,,, ,. g, ;., _ ,,,, ,

i .

,  ;, ., ..". .; .,7.. .7.,'.l.f,l- ,

, ._. _ ._._._i,... .- ...

c .. ,

m.. . . . - S..-...

s.~..-,.

l 9

.I'H E [3ENTHOUSEs OF TuE

, . s.s.e. sm

.u u,,.m. . t om,';.,f;rc-

w. u n , t <. ,_

1. m.m sow IllVER PLAZA CONDOMINIUM Laum cou'an saans ate

$$0b4 $.d Art D it '.=. .~se (.sg. ma .'

L.an.s..es ssae 616 469-2181 706 960-co00 4 g _  % ,

! { 'L < ,.- r-' iiia si

, i i  ; I I , $

i en tyrg< ,p g

.z --,

se

, M AJOR PRICE REDUCTION i { .

- _ .,.,*v' -

< +

.s i. iso se. . i.e

.m-

. . - 5. ,

s I ,, sei. .. y.=. .  ;.

r,'n )\ y

.r -

.E .

1l 55.. - . .

t

. irN ~

in e.

, . M. e .'.

/ Penih.=w Pen:ms in=n $572.250. as .I ,O $.,- -

3 J e.va i.=e. r erge.n. '

s

'; The 5 esilu, w n nil. ne .( ihe luver I'la:a ' *

- e l! I' G=wI.unmnnn are ihe ieownmg . chictemen d 0'.,,,.".*,n"".*."'..

. ilu, ught aber a,l. ins Nep Inan Ma higan g,,a*',,,l'y=,,',',,,,,,,,,,,,L..,.,,,,,,,.,.,.';.,,,,,,,,,,m,,,,,,,

on . . . - - .

aaa r t, Avviiias inns dseiii io ilu mwLl tanwan Wnsk-). ** .'a".a . ".."'.".*.*'.'.**".u**u"c o c *n"a a, '"'s

. m "s*. .aa"n"ae'

lknLimg. thii.e losure.mn inane olice she r.uc .m m. - =- n. tm. .u j imp winony in suu.un ikmen to y.mr sn cdic. **""'*****"""'""***"""*"**'""'*"'

, .H e. n n Sp s i.m ular v n ws, lh a w to trihng

$ winslisw's, tatth;Irrge. Mhr. slinstm.Hb g.'inir mel l martei, on.cc tenier heabh club and ud..e put are only pari ed ihn penthouse adJtew. The j

nn,i succe Jul ciaweroon m u, decaJe aw.uis plVER ,,-g .

ronLST] Exrcttm t i you, the penthouw owner. If yea re reak for the " wATunour Isout r -

)i '

iip, The River Pim Omdommium is reah for ~

{;

you This He T<t De The &c'

{ Ccnuari Mr u SmuMy M110Au-7ru. i

. SAT. & SUN.10ei 6ru '

i or iry affurstmtfd. >

Du t. int..e Pts.rw eiyle hums ,' *,,,

E *,,",((,',",7, l _ , draigned in 1912 by Walb.m w u,,, v .i . ..e 3 -..i- thummond lur charies tare v es ..n.

....ast a . uni t . w k".w j i I I I gg . Mag n.f sent oak wood.ork. y* .=g {****g* j ,'

t a .t . t. ann. .nd io*4 .n ein. , , , . . ,

, , . . s, ,. , ., ,.., ,us .,

...i I **"s*$,) .rmdo.a :hrowgh.vt 3 sided .

t J ...........

y.. -

.os .-51 c eum.o ersa 4 ma,m.. , h.os em t iy

• o e, i.u ..r.n,

'"d*'i*d Paud INd !"d i.mo, u. . . . - < ~ ~ .

.,

• g. a,,,, ,,*, *, ,,~

a r-- 312 494.0045 u.# .i sm ** <

. uim om

=ct Gloor Realt u r 'n e,6.ond.

. . . . . . . ."" i f l (.k ... . . .

.  !!itt 708 5241Iob _ .4 e'isas5m

-.oe-w.,e-,, - - - , , , _ v.,. .m,,,_, __ ,ym,y,,.,,.,,,,y,_.-., r,..,, y__,_._- ,_,, _ , , , , , , _ , . , , , . , , , , , , , , , , , _ , . , _ _ _ , _ , _ _ _ ,

s l

. n

}, $ ;

• regovi.e or rix ..w.p p,.io .w he,,u,m i.

n C.is.da n. .dkn u. wiks.ae o.nta evw =wn inuw ad in NOT TOCkff SC/CHCf . .s .ew rs t he pnddc.n e. it i mw,c .ei st .se ga,ris reitwe oisei a .

u s..we.mir che ws en enL up one gefa die fui prue$ and reLare of h.rh liud usus ur o G.u.v ws wrvne mipn..cnwms dw Ct.O L.

g UNE RENTALS AND $ ALES H0W d0r09 W0rkS um merd rulwt GunlJ s sNte. aderecd inueal

..dders ow us reakniial and serwil huu.wwawwunces "I thenL i datwi n sming preis),,

s43. Mr Cohen gd iN Cndens Viel j,8y'C%u

,,, , ,,,,,,,,, : sg es

m. e a.v.

muk si a svedneanwl volay **muscin sah si Cumm n cahh N d'Leau'w n relhvil m Mr ny thud "The) ase (mng to nule s I ANI AIT headtlual1MS (4 um Co., as several companies it'uced of c:w o Ouuav't skrt'guld*** plan. as a be ed naivwp on die rate Hern'te A genefalarig storyw'y turns fuel 16.ul, eeramumhniu eiestric wil as thw butumikd earhts 4y energy A transmisuon compiany nunce 4tw eriergy tu ddlerem lo- tilemmi inuwsi- and third largess gia rigennoe, of Oery can atmJ be-(seeuus.ref aus fair .44 4 [@ MM *M eales t>y lugh4ensma owen A dauntwieon com(wny drhiers ow en- fmes tumpanies, aH uf e4..ch sett .

erg y nu evuornres tia km el m ire, to wrifwaw big ekornay esen !

ilune functisms are tagweled sa tie unbunJicJ wnder devegels *h* *'uuusinmg etw wees qua lin {

teen-and vulases are no tw twiera stun p.cces news ul dro sueuirri no the liw erwin wiu te a d.uyms anos of unnpanes arHing elodrsele ac t' t emuq and reted power ami related energy scrgues towng the ) nullum Ilk' **^dA estepwm es the >

trules of gneer linet shai emi rrou dw U 1 14e a etas) ened m,p inunh ergest elecuw ceemruny, C rHIf),S Uninies will reten ownergnp ad on 1.nce iederal and stoie oire. CrnH4118h*=s byhi As the wec4 sigid will contmue, tu en wre safely and equal attru but eter).

sung cl e edi tic up for gt,t.

4"*e8'une vula). Cenital lilirlins bgen stands to preform ed en a

$ g33(gll b gglg) c g g There will be stand-alotw gerwesurig compames selling to meJJ6e. Simir=1Hi*e awrtet Lad fall. 88 men at dereetly se evisoners. twicd on ice thcaply they can nuke a4cti Hw 3CC fir termnsmn to tv.

M y O g-ti glg g power A Chcago tivamesa, few esempk. tuukl bvy throp power en gen su espermwns snunedisici)'

Wettonssa undet a kmg term somrso e uh a Dalget Stste gcewf atur get my all tushmaet 4-14snes astems O ritio ris W

arid hantlei any estroonk.sary surges t>> t vymg en a sps nurkei he de fra nwLet ,,,,, ,,,,,

CondJ would hve se delever the conipeitur's elecirm ety, few a fee, Medi* hde. C*antA thaive's 11-from ste edge of sis terruary in the cusweier's duur- la*=* l'u*tt anJ $ wingfw6d f a Cen.

Snural fusunun9 li's sus Wee whurNn Cences has hyn bu3eng eral lilimus puhlw Servwe N=e uf. ']

power insu o Mdwautetused utdely wed1 a unute artengenent la ivred es piame theer taggest eu..

e ditaJc. hatw's h) losing them pursbic 1ced noms oil pum ee clice heee bcyesaing en . vet teve pu adense e Dans s $na&suarss vov l+A 19N and 7t at ecyromly g,g,,,iuthei step closes to Mepo Dogo s kstisteve struit tarsness O memar.//...utver 4 h.yh ...m ememeim ed asunusaim. 4 s es e ik C i la a ma4e1 Dam s $ma4sorsidelse's pur ademsq Ressay Cehhunu unhers. o lm h. hLe os $4mhlme s bu ed pmca alwns.mns wigdwn en te 7en disnug no tte sied l estabbshed 6triaM butmest owness arid Gunld nwy las Imre kmws en a klH al.e hemb th.m stemg *Lwy swd" by sir KV Cemsd thath umirrlaisve eu,itL(I tanvieves (mrepe<wurs with tte newe to purchase vous poducts staines so il6m indows bLc OunlJ l%lec Served meulJ allow tag tus. g an an imu pawaat nunwye. ihe .,n en.no armaa o.as m y ev. ,

enelawn woe puswd by Hwst bey-emmvs m. vt strarre p,.e . ly awhic henceveu usetums by skaymg h mu salms linuses enehten lie dwu

• I'h taan es run totiparues M seport sales volones smie enemmomenabw advosaren de.n dw egenh ed e emgsinm nts- ytes unde l$ mdle 1N greca beby wasmal he ruinn1 Lei Gunid mal esias lugtrecN At he gemumg free nuriet pkrs whsedes ha "skan ' energy deirl- bulars. swural etwa km J svmmen he ersedemaal and sawll twsiness # N% Willverte 8derte:W$4hr(tes/pubhC telaims darsal ugunrni, su6h mi almeve ow,Let tim. miH nl.wl.ki sirw sarwahl omas, twemwn Comnu a(Ters 2003 as a trans Itu andar power generaturt

• M dNesure Wes tweit barev@usMassel/

owW dunir esceu puwe eran krw. target dait Even aa, Mr O'Connne reinement services California's conumes advocawi evow indnies' servat kwnuum as is grumising anty to put sin ques.

al=n jumpeal inen led enh the fut kka.nuttet rases . ygg o.rge,se , g ,sansi computer eleoritely ciengumes lla-w om. tue so the ICC shat ; car;lus gro.

1k pecnnal umyunees at a &cy pmal gives regulman two years to

• M en 0 a equpnwnl purdussng onim tern was the a free awrict nugte tceau dwi Cinnt'd neigtduws Wn. emp6cmem full deregulatum, udly hurt anme tumuners, engwwfly omsen l'uwer. Wwimun E6Wirw pushing tonipetneon cif until 2G15.

pas cunnwmises. taxause e tan e* ** EPad*8 84*n*'9 Ad C6***

aid Cemral lilemmi Leglu ubjen en Mr. O'Cunnur's granuae man to he Mrd ki snake emancy nff lisem fullenwveryeif waarmledomis y,a sei.ea m ,meu e, p . m teeke swaen hw live ytart anno has -- -

4 .nonumse v.hwh nw.,y .k. m h s wh.de ,,w.e ur nue..,em. i.dem twaiu e, ,epes.wi, w, ugulatam twsken two as a stil- u.e ..r...,... e aswh urms s' Fet '" Hee *ay of und Coun!J Ms no plann to ard _ Jieuwa Gw+**

tan) was temhed m lktemhet li escr9se4" says Wewishan 4.ks. Iunhet tuac increases, after lati caH. r,. o.npemmn to w,sei - um C m umw,d ca.i na ye, . se..n u.im h.Lt. i. gr.m. ."" P '"** *_ -* *

• i m h.ai.wh,ae.. cur,c.m en .o< irviy a c.n,ca,v, hi,w. .n, eie ine,u,e, icC Ch n , o.n einvw y e un=n .ii ,va,aniu Cahhusia vidaics lim. runevery '_aw o.n t. una ini-6r uaw is inoner ede-r or C.% osa,ws a ness a pur imw%rmas apa or sei, nr.na,a om yi= ve ria eranhi cus wrue is odd Cumtd nul no amne tid for fty pure eikneta or to peace pur ed, un m as see-m et.

.dr aw ,o un w h i.re um iwi ,,m n.e., .n .,, 6a,n c dirsm's play eeml melt an a be ed Miwouver, the only pressure on A hidden tax pl* a "

ca.ds one.ay ., an.mg or camuipace

, r,u,e . 6dv6 da-n.aatias.e

. .rie, e . "".l%

ack lawne. Mr O'Cawume's terew U.S encormpy mindeulers perially when Mr. O'Ceanor's Siilall BUSINESS B deregulaie she IHinius awr.

reteni pnemal to amly acumg powcr in the Mm)went and enu.eutling stready is improving trymd The owntway he hed het swer Ow ncal scien sein as is away as Newth Canderu few years vaguely weren to a "wimmkd in obedewksaw-whchskessus tut recamery" pnemakea other en61ede the fined umh (wid by ht etwth, a las em eleorwey own en knal tv+urers-n 2 44 tenu a i Coman servwe areese ounts*

maic hw future kms nvenues.

Lilo. au. hour, cuenpareil with 3 H teen ha 1064 tenh for ni

D GITAL Mr. O'Conant's chwf 5pnasfrW Northern Ilheums cuenwet acowd. l b6byist. Frank Ciert, confarnu tht eng to a ecccm ICC wudy-the tartif woukt go en prsnact nNie.

• Internet Web 9@ Developers CFO Mr Duknnks crues shi ED hn4Jert flui huiwe balks si providmg esen at iWi redimed prne, the tsun.

.cmir., on . ..W ..< ,w.ic, ,uesa . .wwne suming that h wouWn't take eilen itay su fined um.h smi therehre hehwe 2tKO.

ips de.

APowerful Og Ag 8 hencini all tu*miers Bei the ar.

The thesas saf mwh a taa. mond-eng nu RDI, en chai es w<wW iktay C nnu evennen muw mi omi.

gunwns grenen un likskin twdacues pay mg Cant 4n isti kwJ

-w..kvi si he tm,ict u .cn ei eW 8 -

pamve sww.g wen Nys.w dere,.

unamm's edrweat Lectedf. Thrs N.

or, sery 6.w r,sn in twounn .n M DOM & udun o IHn us.retwrnun dww av+uren sauw wherver heim wrmehl omi samk ed the weer asks thewW

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I ing the egenda s:id progress hiad been made in overcoming statement, Frence erid Germ:ny will m Le'c'vr_ilable their i

• ilussian objections to surnmit participadon by 13 clarus andjoint nuclett safety expertise firm, GRS IPSN lllskaudit, t Ukraine. Western governments, these sources said, favored forA"cooidination and management"of these activities at the~

the attendanceof both newly independent states, sir.cc they international scientific center.' su- a suffeted most of the Chernobyl-4 accident fallout. Late last %c F anco-German initiative targets three psojects for-week, however, these sources reported that, only days be- the DM 12-million, to be spent over three years. They are: Q fore the summit's opening, Moscow had hardened itsthe safety status of the Chernobyl 4 cover (or sarcophagus) posi-tion. As a result, Ukraine is expected to attend only as an and of the site; the environmentalIrnpacts oflarge-scale "ohserver," w hile llelarus President Alexander Lukoshenko radioactive contamination within the 30-kilometer "exclu-won't attend, having received no invitadon. sion tone" around the plant as well as in other areas affect-According to documents from one European 0 7 dele- ed by the accident; and the health effects among people gation, it has been made clear in advance by all parties that who participated in accident recovery operations ("liquida.

the Moscow meedng will not le followed up by any furthertors") and the general populadon, meetings, and that, during the meeting, no concrete commit- At the Vienna conference, scientists insisted on the ments of more 0 7 financial aid for nuclear programs in need for both good epidemiological studies of the liquida. '

Russia will be announced. European officials said that the tors and affected populations, and appropriate medical treat.

' results of the meeting had been heavily discounted in ad. ment for those in need. Elisabeth Cardis of the International vance, and that recommendadons expressed in the final Agency for Rescuch on Cancer in Lyon, said for exampic communique would te generalin nature only, that with suf0cient funds, a " careful study"of childhood

-AtarkHibbs, Afoscow thyroid disease among the affected populations could yield valuable knowledge within two or diree years. The sene is true for the liquidators, on whom she estimated that an FRANCE, GERMANY JOIN U.S. EFFORT

{ nidal, wekganized epiderniological study could te done FOR CHERNOBYL SCIENTIFIC CENTER '" #* I'* I"' ' " m i s easy t d ,',caras France and Germany will provide an initial DM 12 said, but so far it hasn,i been done.

million (U.S.$8-million) to support establishment of an The state of the sarcophagus was also discussed. The international Scientific Center in Chernobyl, enviror. ment meeting concluded that the current structure can last for ministers of the two countries announced April 12. some years but a more permanent one should be provided, They w'ere a~nsweririg calls by the Ukrainian govern. and that site waste management activities are urgent.

ment for help in setting up'the center, which is designed to -Ann Ataclochtan ViennaandParis work on problems of nuclear and radiological accidents. 7 The U.S. government announced last year that it would7 contribute up to $3-million for an international schnlific center at Slavutich, where Chernobyl staffers live, and that < COMMONWEALTH EDISON SHAKES UP DOE had begun working with the Ukrainians on the [ SENIOR NUCLEAR MANAGEMENTTEAM project, with Pacific Northwest National Laboratory manag- t Still grappling with inconsistent performance among its ing it initially (NW,18 May '95,17). DOE said at the time dozen nuclear units and facing increased competition in the that the U.S. would work with its 0 7 partners to expand electric industry, Commonwealth Edison (Comed)last the effort, week announced major management changes in its nuclear division.

. German Minister for the Environment & Nuclear Safety Angela Merkel and French Environment Minister Corinne As of April 15,31 year Comed veteran Thomas Maim.

Lep:ge said the common initiative begi'is a process that an assumed responsibility for nucL'ar plant production and willlead to " establishment of a flexible and efrective perfonnance.

struc* Maiman headed Comed's fossil division last ture which will integrate and further develop the knowledge year, when the fossil units doubled electric production com-on Chernobyl-related issues and provide a widely accepted pared to 1992 levels-with fewer workers. lie worked in I information base to the international community." Comed nuclear operations from 1984 to 1990 and is known Msrkel chaired a conference in Vienna April 8-12 within the company "for making changes quickly " a Comed spokesman said.

th:1 reviewed the consequences of the Chernobyl 4 accident 10 years ago, and lepage chaired the conference's closing Maiman said he couldn't yet comment on specific I<

panel session. Among the messages from the conference changes he might make to improve the nuclear division's {

performance, was the lack of agreement-and of some basic informa-j tion-about the real health impacts of the accident's fallout Michael Wallace, who was chief nuclear officer, is now *

(see story,page 1I) Scientists, including World llealth responsible for nuclear strategic services, a new post. Wal-

) i Organization Director Wilfried Kreisel, also said insufft- lace's duties include positioning Comed for competition cient resources had been made available up to now for thot-and handling radioactive waste storage, nuclear fuel pro- j ough, systematic study of the Chernobyl consequences. curement, and plant decommissioning. '

in addition to the direct support, the ministers said in a Maiman and Wallaec are both senior vice presidents and both report directly to Comed Chairman and CEO 4  :

om runsance,v, n he a NUCt.LONICS WEEK - AprH 18,1996 }

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.' hmes O'Connor. With httim:n tiking over nucle,tr pro- '4 stepped up recovery would ensure the station's cdmpetih %

duction responsibilitle's@isce%ill focus on nuclem busi- tiveness early next century (NW,24 h1 arch '94,1)miat.!

ness opportunities. +'r- .

The process essentially shifts'more of the operating risk 6

. liarold Keiser, whom Comed hired late last year take to SCO shareholders. Under the incremental cost incentive .

chief nuclear operating officer, continues his day to-day pricing system, or ICIP, the two-unit station must attain a responsibility for nuclear operations and reports to hiaiman. 78% annual capacity factorjust to break even, accordir g to -

The management shalcup was seen as a "somewhat SCE. At the same time, station costs must le kept in check.

disturbing" development by the Standard & Poor's (S&P)

Cost control will be especially imponant to the utility -

rating agency. S&P, a division of the hicGraw liill Compa. given the reduced rate of return. SCB will be recovering its nies, Inc., suggested the latest shuffle may indicate Comed investment in the plant at 7 35%, down from 7.78% in an car.*t successfully address the problems that have long earlier version of the settlement agreement. - . . -

dogged the nuclear division.11ut the ratings service also Even with the lower rate of return on embedded costs, speculated the continued attention to shortcomings among SCB spokesperson Gloria Quinn said this week that the the nuclear plants might be a step in the right direction. utility expects shareholder carnings to le maintained at the Comed made the management changes three weeks 1995 level of $1.69 per share. Plant performance, and gains after NRC Chairman Shirley Jackson wrote O'Connor ex. made in productivily and cost reduction are expected to

, pressing the agency's concern over performance of the offset the Il cent / share reduction in annualized earnings utility's nuclear facilities.11ut Wallace said April 11 that resulting from the lower rate of return.

the management changes are not in response to Jackson's "As a rule'gf thumb, a one percent increase or decrease concerns. *This is an orderly and logical move we're mak. in the average annual capacity factor of either unit changes

. ing, and I want to make it clear that it has nothing to do revenue about $2.7 million per unit," the utility said.

with Jackson's letter," Wallace said. "his is to position our . San Onofte's per kilowatt hout revenues will rise from organization for the competitive marketplace." 3.8 cents in 1996 to 4.15 cents in 2003. After 2003, electric.

Wallace added that Comed-the nation's largest nucle. ity generated by the station will be sold at market prices, nr utility-bas " concluded that we are fundamentally in the Ratepayers will receive 50% of the post 2003 benefits from nuclear generating business, and we consider those six the plant, SCE said.

stations as tremendous assets." lie acknowledged that the Cash flow projections the utility submitted to the CPUC nuclear operations must be improved. In December 1994 show that ICIP revenues would fall $16-In her letter to O'Connor, Jackson said the NRC is con. to $44-million a year below operating expenses at an annual q cerned with Comed's " inability...to establish lasting and station capacity factor of 70% for the years 1996 through J cffective programs to improve performance at the Dresden 2003. Projections at an 80% capacity factor show ICIP station." She asked how the company plans to " devote suf. revenues would exceed total costs by $4 to $30-million in ficient resources to : istain improved performance at the that period.-Elaine Hiruo, Washingen Dresden Station over the long term without negatively af-fecting the safe operation of the other nuclear facilities."

Last year, Jackson warned Comed executives that they can't expect to continue operating Dresden while it is on the FP&L LAYING OFF, MOVING WORKERS agency's so-called " problem plant" list (Inside N.R,C.,27 TO CUT COSTS, RAISE EFFICIENCY Nov. '95,1). 'Ihe plant has teen on the list for six of the last nine years. I'l rida Power &' Light Co. (FP&L) plans to climinate I

in 1992 and again in 1994, then.chainnan Ivan Selin 100-120 jobs in its corporate nuclear division and move 60 questioned whether Comed was "just trying to move employees to its nuclear plants as pan of a contimung effon around too small a blanket to cover too big a bed," (NW,13 t em e sts and impmvc Meiency.

Feb. '92,4). Comlid management has always maintained FP&L I ld workers at the division headquarters in Juno that it will direct adequate resources to ensure high perfor. lleach last week of the three-month assessment, which mance at the nuclear stations.-Kathleen Han and Dave fricials said is part of a strategic business review that's Afrozo, Washington been going on company wide since last summer The nucle-ar division is the largest remaimng to conduct such a re-view, said company spokesman Dale Thomas. FP&L asked CPUC APPROVAL ACCELERATES cach department to dec de whether some jobs or functions can be climinated or replaced ny technology.

DEPRECIATION OF SAN ONOFRE Most of thejobs to be cut in the corporate nuclear divi-The state regulator-approved accelerated depreciation of sion, which had about 400 employees at the end of 1995, Southern California Edison Co.'s (SCE) San Onofre-2 and . are in engineering. Of the support employees who'll relo-3 kicked in on Monday, allowing the utility to recover its cate, half will go to St. Lucie and half to Turkey point, a g $2.6-billion investment in the units by the end of 2003. move that's suppmed to increase their effectiveness by

,) The California Public Utilities Commission (CpVC) linking them more closely with the plants' engineers.

approved the plan April 10. SCE first proposed accelerated IT&L has already made cuts in corporate staff and '

depreciation to the commission in 1994 on grounds that the management and non union workers. The company em.

NUCt.1:ONICS Wl;I% - April is,19%

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COMMONWEALTH CHANGES ORGANIZATION, CREATES SENIOR MANAGEMENT TEAM Commonwealth Edison (Comed) has announced major management changes in its nuclear division, effective April 15.

homas Maiman, a 31 year veteran of Comed, will take over responsibility for production and performance at the company's 12 nuclear units. Michael Wallace, who previously served as chief nuclear of0cer, will te responsible for nuclear strategic services, a newly cicated post which will include positioning the utility for competition, radioactive waste storage, and procurement of nuclear fuel.

Maiman and Wallace will both hold the title of senior vice president, and both repou directly to Comed Chairman & CEO James O'Connor. liarold Keiser, winm Comed recently hired as chief nuclear operating officer, wdl continue his day.to-day responsibility for operations at the company's six nuclear stations. Keiser will report to Maiman. (continued cm page 14)

INTEGRATED PLANT ASSESSMENT TEAM INSPECTIONS UNDER STUDY The Integrated Plant Assessment Team (IPAT) program inspections are currently being reviewed by NRC staff after a one year trial.

Frank Gillespie, director for inspection and support programs in NRR, said the NRC is asking itself whether the IPATs, which he called " mini-DETs (diagnostic evaluation teams)," should te undertaken "for cause" or te k regularly scheduled. lie said the agency is also examining whether the IPATs should le billed as part of licensees' annual fee under l' art 170 or directly under Part 171.

Also being questioned is whether the agency should give credit for licensee self assessments and whether the IPATs should be headed up by headquarters personnel.

In other inspection developments, Gillespic told attendees at the agency's Regulatory Information Confer.

ence that the agency is developing enforcement Fuidance which it hopes to use in the near future for PSAR (continued on page 13)

STAFF AND INDUSTRY DISAGREE OVER PROGRESS ON THERMO. LAG RESOLUTION NRC staffers at the agency's ReFulatory Information Conference April 10 characterized the industry's hermo-lag debacle as being well in hand, now that the agency has proposed schedules for proposed solutions from alllicensees.

"Ihe generic work is done," said senior fire protection engineer Pat hjadden April 10, more than five years after the debacle began to unfold. Thirty plants have completed their work and the focus of both industry and NRC's efforts have shifted to plant specific activity, Madden said.

One might espect such news to be well received among the industry, but the reaction by industry officials was quite the contrary.

Nuclear Energy Institute (NEI) officials have complained in the past that the agency is not moving on INSIDE THIS ISSUE . . .

Commonwealth Edison and NRC negotiating over tube pulls at Ilraldwood.1.. .. page 3 Steam aenerator problems termed major industry e pcnse . ... . .. .. . ...page 4 11PCI reliability in IlWR 5/6 catches NRR attention after AEOD report .. .. .page 5 NRC may revise rules in tsponse to power industry restructuring . page5

{ . .

Remick claims nuclear utilities are ' confused' about NRC regulations .. . . . .... page 7

- A Publication of The McGraw.llill Companies

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' licensing basis of the facilitics.""We're going to add a vertic:1 sticx e uacy of the engineering cnd the N ngineerin

/

Russell also said the trend in the tumber of til team inspections which has b

/

he said there was a paper going to the comminion on the subject in May "We m

• functional failure team inspectiont"

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ay revive the safety system liarold Ray said that "the train wrectssonin(SCE) the indusuy" executive g were n but rather stemmed fmm a lack of fccus. Ray said oo few SCEinspection spent hours by $350000 NRC, in di1 "Whether the cost was warranteJ or not remains to be seen " {

rect costs on its IPAT inspection.

American Electric Power Co. manager Steve Drewer, whose D C Cook und

.. \

staffinvested 1,800 man-hours in accommodating erwent an IPAT, thesaidIPAT the Cookteam. lie said futu from the preliminary report the IPAT issues before the site visit p ants should take a cueto gauge ho liefinal the addedreports. that licensees should be able to provide the IPAT team information e r strengths to balance out reaction of the finarejal community to topoor only going heighten the NRC ratings fr utility, he said. But in the future, there will be stand.alone entities operating entreme form be subject to possible bankruptcy at ants,"which every cait willin the most oa, Washington interview."-Dad COMMONWEALTH EDISON fcontimaedfrom page 1)

O'Connor expressing cr .crn over y ac son thewrote aperformance letter to of Com inside since N.R.C.

she became the company's chairman. management changes were not made in resp es, llowever, Wallace told ont.c to concerns raised by Jackson I Jattson's letter " Wallace said inc earan marketplace." that interview it has nothing to do withApril I t, "This our organiration for the competitive Wallace said that "having responsibility for managing 12 nuclear units i and General Electnc, and was involved with litigation, str ectricite de France, Derhtel, Maiman taking over the nuclear production responsibilities, Wallace4said he will business issues.

o er corporate matters. With now focus on strategic nuclear six stations as tremendous rasets," g us ness, and Wallace we consider those said, adding C ments made. "We need to accelerate that improvement," he said.

needs to be some major improve-Maiman headed Comed's fossil division last year, when the utility's fossil u it d n s oubled production of electricity over the 1992 levels with fewer personnel. Maiman is "known w quickly " a Comed spokesman said. Maiman worked any for makingon the nuclear side of t changes Maiman said he could not yet comment on specificrom changes t 1984 o 1990. he might make t accelerating improvements at the nuclear stations. "Myjobtheisgoalof o accomplish to try to enable th performance objectives that are clear in our...standards," e workforce to heachieve toldthe inside N R C Wallace summed up the new arrangement as

• senior management teamwork ces to seeand roles responsibilities, this teaming and modelit." yet nevertheless, we're working in a team en vironment, w

....We want the other employ-Jackson Seeks Meeting la May Comed will have a chance to explain its new organization structure utility plans to improve performance at its.-and May 13 Wallace said. nuclear plantsplans itemite specific ~next for how month the A com i i m ss on meeting has been set for inability of Commonwealth Edison to establish lasting and ef Dresden station." e concerned about "the rograms to improve performance at the Jackson asked Comed to " describe the results of material condition improve you system function havehave taken to ensure that important equipment deficiencies have been fully id been resolved."

e and those affecting sufficient resources to sustain improved performance company plans to " devote J at the tively affecting the safe operation of the other nuclear facihtie s.. "-Kurhleen Horr. Washingtonver the long term withou le eme the uso wa c.w . #= a, un m.e= =,*i.,n =

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COMMISSIONER DIAZ STAFF ROUTING mi.E:

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&+r a +ra RECEIVED: DUE:

Order Assigned To Action /Information Completed

@ Commissioner fd Il 1 Q Maria Th, ' // L 5 Hugh Tony C'or Roger Vickl Alice Notes:

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s WINSTON & STRAWN as west wAcuan omsvt 1400 L STREET. N W. s. Mut Du camout cw4cAao. useos soooi eros WASHHGTON,0 0 20005 3502 7500' ***'8 '"'NCE too PAhn AytNUE NEW YORK. NV 191694193 gggg)379,gygg SULAvuANsYAH CENTER AIYADH 19495. SAUDI ARAS4A FACSlidlLE (302) 3716h0 43 but Du MHONE JAMES R. CURTISS 1804 QENeva, SwiT2tMLAND (202) 371 $781 November 22,1996 The Honorable Nils J. Diaz -

Commissioner U.S. Nuclear Regulatory Commission Washington, D.C. 20555 f

Dear Commissioner Diaz:

The purpose of this letter is to confirm the meeting scheduled on December 3,1996 at 10:00 a.m. with James J. O'Connor and Michael J. Wallace of Commonwealth Edison Company. Messrs. O'Connor and Wallace would like to discuss the following four topics:

, 1. Industry restructuring and economic deregulation;

2. Recently announced Illinois initiative on restructuring:

3. Unicom strategic planning; and

4. Mixed oxide fuel project.

If you have any questions prior to the meeting, please feel free to contact me.

Most sincerely, t .

. O ames R. Curtiss JRC:mif W ,- 4- g g - -

,