Moody’s changes outlook for ratings of Puget Sound Energy, Inc. securities to negative

Specifically, Moody’s is concerned that the WUTC might approve a proposal that would ultimately grant huge subsidies to a select group of large industrial customers, who are currently receiving service under a market-based tariff, without giving adequate consideration to the sufficiency of overall rates collected from all other customers.

CLINTON, N.J., Jan. 30, 2001 (BUSINESS WIRE)–Foster Wheeler Corporation (NYSE:FWC) today reported fourth-quarter and year-end financial results for 2000.

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