BRITISH GAS CUTS PRICE TO POWER STATIONS

The dispute between British Gas plc and power station operators in the U.K. has taken a new turn. In response to pressure from the Office of Gas Supply (Ofgas), British Gas has cut prices but placed a ceiling on the volume of new gas supplies that will be available for power station fuel starting in 1995. Earlier this year, British Gas announced a 35% increase in the price of power station fuel to 22-23 pence (12-13 cents)/therm (100 cu ft) in a bid to ration supplies to that market. The new

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