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HAGERSTOWN
Md.--(BUSINESS WIRE)--April 2
1998

As a consequence of the proposed merger of Allegheny Energy

Inc. and DQE
Inc. the Nuclear Regulatory Commission has
approved the transfer of the operating licenses for Beaver
Valley Units 1 and 2 and Perry Unit 1 nuclear plants.

Alan J. Noia
Allegheny Energy Chairman declares this decision
moves the company closer to their goal of completing the
merger in the second quarter of this year.

When the merger is complete
Allegheny Energy will serve a
population of more than 4.5 million
with 2 million customers
in a 30
000-square-mile service area across five states.



OTTAWA
(UPI) April 3
1998

According to the Canadian Broadcasting Corp. the Canadian
government had received word from London that Britain has
approved the purchase of four diesel-powered submarines.

Canada is reportedly buying the four used Upholder-class
submarines for $800 million. The British subs
built in the
early 1990s
will replace Canada's three aging Oberon-class
submarines
built in the 1960s.



PHILADELPHIA
(Reuters) April 3
1998

PECO Energy Co. was denied an injunction against Great Bay
Power Corp
which terminated a contract with PECO's Power Team
to market Great Bay's share of power from Seabrook
Power Team
spokesman David Greer said.

The U.S. District Court for the District of New Hampshire

however
also stated that Great Bay Power's grounds for
terminating the marketing agreement were ``particularly
weak.''

Following the court order this week
the proceedings now go
into the discovery phase
PECO said.



LONDON
(UPI) April 3
1998

The concrete sarcophagus around the destroyed Chernobyl is
crumbling. Maintenance authorities fear a collapse of the
roof
which could send radioactive dust into the atmosphere
once again.

Quoted in a BBC report today
the head of maintenance at the
ruined plant
Artur Korneyev
declares: ``The most dreadful
effect would be on Ukraine's river system. The Dnieper River

which flows through Kiev
would carry radioactive pollution.
Eventually
the whole Black Sea area could be contaminated.''

Western states are pledged to contribute money to build a new
casing for the reactor in exchange for its closure in two
years.



NEW YORK (AP)
4 April
1998

The New York Times reports that two US companies are being
investigated on suspicion to bolster China's ballistic missile
program. The companies
Loral Space & Communications (New
York) and Hughes Electronics (Los Angeles) denied wrongdoing

but declined to discuss the investigation.


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