Hitachi, Mitsubishi Heavy looks for closer ties
FUKUSHIMA, JAPAN - Hitachi Ltd and Mitsubishi Heavy Industries Ltd will explore bolstering ties over Japan's stricken Fukushima Daiichi nuclear power plant, as Hitachi looks to win a multibillion dollar contract to scrap its damaged reactors.
Hitachi and rival Toshiba Corp each submitted separate proposals for the long-term decommissioning of the hobbled nuclear plant earlier this month, a process experts say could take more than a decade and cost up to $19 billion.
Hitachi has also enlisted the help of overseas firms including General Electric Co GE in its bid to win the decommissioning order, while Toshiba is being aided by Babcock & Wilcox Co and Shaw Group Inc.
Hitachi and Mitsubishi Heavy, which already have business ties, said they are looking at ways to work together to help improve conditions at the plant and aid operator Tokyo Electric Power Co and the government.
Radiation leaks from the northern Japan plant, which was severely damaged by the massive earthquake and tsunami on March 11, have made it the world's worst nuclear crisis since the Chernobyl disaster 25 years ago.
Toshiba manufactured two of the Fukushima Daiichi reactors by itself and two jointly with GE. Hitachi manufactured another, with a sixth supplied by GE.
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MIAMI - Florida’s top court ruled against a proposed constitutional amendment that would have allowed customers to pick their electricity provider, threatening monopolies held by NextEra Energy Inc. and Duke Energy Corp.
In a ruling Thursday, the court said the petition’s language is “misleading” and doesn’t comply with requirements to be included on the 2020 ballot. The measure’s sponsor, Citizens for Energy Choice, said the move ends the initiative.
“While we were confident in our plan to gather the remaining signatures required, we cannot overcome this last obstacle,” the group’s chair, Alex Patton, said in a statement.
The proposed measure was one of…
