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Ilana Bittner's News – July 2010 Archive (2)

GGP Files Reorganization Plan

Last year, General Growth Properties announced it was filing for Chapter 11 bankruptcy protection. This week, it announced its reorganization into two companies, the “New GGP” and another to-be-named company known in the interim as “Spinco.” (“Spinco” – or “spinoff company” – is a name sometimes used during reorganizations while the legal process is ongoing. For example, Motorola – which is in the process of breaking into two companies – has temporarily dubbed its spinoff company as “SpinCo”,… Continue

Added by Ilana Bittner on July 15, 2010 at 5:13pm — No Comments

BGE Issues Hot Weather Advisory for Central Maryland

Baltimore Gas and Electric Company, along with PJM, the electric power grid for 13 states and the District of Columbia, today announced an electric power advisory, meaning higher than usual demand for electricity is expected for today due to the region’s continuing hot weather.

While BGE and PJM expect to have enough electricity to meet the heavy demand for power, customers are being asked to use energy prudently, especially between 3 p.m. and 7 p.m., when demand for electricity is… Continue

Added by Ilana Bittner on July 7, 2010 at 2:38pm — No Comments