Hydro-Quebec seeks U.S. export licence

Article Abstract:

Hydro-Quebec's US marketing arm, H.Q. Energy Services Inc., is seeking to get a US export licence for electricity by the middle of summer 1998. In an application filed with the US Department of Energy, H.Q. Energy Services wants to be able to purchase surplus power in the US and resell it to customers in Canada and Mexico. Although H.Q. Energy Services does not have immediate plans to export either to Canada or Mexico, it only wants to be prepared when the situation calls for it. The recent licence applications seem to be part of Hydro-Quebec's strategy to become a full-service North American energy producer and broker. H.Q. Energy Services is moving its headquarters in Pittsburgh, PA, from Montpelier, VT.

Comment:

Its US marketing arm, HQ Energy Services Inc, seeks to get a US export licence for electricity by mid-summer 1998

Electric Utilities, Electric Power Generation, Transmission and Distribution, Strategic alliances, Hydro-Quebec, Article

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U.S. steel bill could spell trouble

Article Abstract:

A bill has been introduced in the US House of Representatives that proposes tough restrictions on steel imports. The bill is in response to a flood of steel imports from recession-hit regions that has hurt domestic manufacturers. While having little chance to become a law, the bill underscores a swelling support for protectionist measures that some fear could start a worldwide trade war.

Iron and Steel Mills, International economic relations, Blast Furnaces & Steel Mills

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Tech stocks hammered on warning from HP

Article Abstract:

The stock prices in the tech sector experienced the largest single-day drop in nearly three years on August 12, 2004, following Hewlett-Packard Co.'s (HP) statement that its profit would come down in 2004. HP's announcement is a warning to investors who had expected businesses to begin bulging up on telecommunications and computer equipment.

Electronic computers, Sales, profits & dividends, Forecasts, trends, outlooks, Computer and Data Processing Services, Securities issued, listed, Computer industry, Microcomputer industry, Stocks, Forecasts and trends, Computer services industry, Information technology services industry, Market trend/market analysis, Hewlett-Packard Co., Securities, Company sales and earnings, Company earnings/profit, Stock prices, Company securities, HPQ

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