THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Saturday, August 3, 1996 TAG: 9608030524
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Business Briefs
LENGTH: 48 lines
Price of electricity depends on time of day
Virginia Power said it has expanded eligibility for two programs that help commercial and industrial users of electricity better manage their energy use. Under the Schedule 10 and Real Time Pricing programs, both known as ``dynamic rate programs,'' the price of power varies depending on the time of day, the availability of electricity and the cost of generation. Schedule 10 will be available to Virginia Power's 1,800 largest customers, up from 200. Real Time Pricing will be available to the 60 largest, up from 25. (Staff) ValuJet plans to resume flights within 3 weeks
ValuJet expects to be flying again within three weeks, but could be delayed if the Transportation Department holds a hearing on a union complaint. ValuJet's president said the airline will fly again between Aug. 15 and Aug. 23. He said nine planes would serve Atlanta and four other cities. The Atlanta-based discount airline was grounded by the Federal Aviation Administration June 17. The Newport News/Williamsburg International Airport said it didn't expect to be one of those five cities that ValuJet serves, but that it did anticipate being one of the first 10. (AP and staff)
Cable Golf Channel
joins News Corp.'s Fox TV
The owner of Fox Broadcasting Co. has paid $50 million for a one-third interest in The Golf Channel, an Orlando-based cable operation that debuted 18 months ago, company officials said. The News Corp. will get two of the nine seats on The Golf Channel's board of directors, said Chris Murvin, the channel's senior vice president of business affairs. The deal announced Thursday should bolster the channel's profile and subscriber base, Murvin said. (AP) VRS may sell its real estate unit
The Virginia Retirement System pension fund is in talks to sell its controversial real estate unit - once the subject of a criminal government investigation - to developer Charles E. Smith Cos., according to a source familiar with the situation. The pension system hopes to sign a letter of intent with Smith, the largest real estate owner in Northern Virginia, by mid-September. The pension fund has said it would not take less than the $548 million it paid for RF&P in 1991. It has also said it would consider selling the company in pieces. (Bloomberg Business News) by CNB