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By Times Staff
Published March 5, 2008
Progress Energy was shutting down its Crystal River nuclear plant Saturday for planned maintenance when the main feed water system encountered a "perturbation." Of course, any problem at a nuclear plant can be perturbing. But this one was short-lived, and not much in the way of an emergency. "It was over in just a few seconds," said Mac Harris, a spokesman for Progress Energy. Harris said there was a "variation in the flow" of the feed water, which is heated into steam to turn the turbines that make electricity, and emergency pumps kicked on to make sure feed water stayed at sufficient levels. Two backup emergency feed water systems worked just fine, said Roger Hannah, spokesman for the Nuclear Regulatory Commission. The main feed water system recovered. Once the plant stabilized, the planned shutdown continued.
Cryo-Cell gets way in ordered revote
Offered no alternatives, shareholders in Cryo-Cell International Inc. approved the management-backed slate of directors at a special meeting Tuesday. The revote had been ordered in January by a Delaware Chancery Court judge who said "serious breaches of fiduciary duty" by Cryo-Cell's chief executive, Mercedes Walton, tainted the vote at the annual meeting in July. Though the dissident shareholder who challenged July's vote did not run for a board seat this time, two large investors, Andrew Filipowski and Ki Yong Choi, were elected directors. Shareholders unhappy with the Oldsmar stem cell storage company's losses, which grew to $5-million in fiscal 2007, will have another chance to elect directors at the annual meeting July 15. Nominees must state their interest by April 16. Cryo-Cell's shares closed Tuesday at 88 cents, up 3 cents.
He has a bone to pick with Church's
It's finger-lickin' bad news for Quick Service Foods-Tampa. The Church's Chicken franchisee filed for Chapter 11 bankruptcy reorganization last week, and owner Ford Reihani said in an affidavit that he might have closed more than three of its 18 Central Florida locations if Church's had let him. Reihani blamed his stores' woes on the economy and on Church's, which he claimed has failed to meet its advertising commitments and may be angling to force a sale to a preferred franchisee. "QSF may have claims against the franchisor," Reihani wrote. The franchisee has 320 employees.
[Last modified March 4, 2008, 23:08:10]