UTILITIES

Dominion SCO gas cost

remains same for April

Dominion Energy Ohio’s monthly natural gas price for residential customers who are on the Standard Choice Offer (SCO) is staying the same for April.

The SCO price, effective April 15, when rounded to the nearest cent is $2.93 per thousand cubic feet (mcf), the same rate as March.

The April rate is 17 cents or 5.8 percent higher than the price a year ago of $2.76./mcf.

The April rate also reflects the new “adder” of 22 cents/mcf for the state-approved formula to set each month’s rate, up from 15 cents/mcf.

Consumer columnist Betty Lin-Fisher continues to recommend the SCO. Go to www.tinyurl.com/updateSCO for more information.

RETAIL

Best Buy promotes CFO

to chief executive post

The executive credited with reviving a struggling Best Buy is stepping aside.

Hubert Joly, 59, is handing leadership of the reinvigorated electronics retailer to longtime executive Corie Barry, 43, as part of the company's succession plan effective June 11. Barry, who is currently the company's chief financial and strategic transformation officer, will become the fifth CEO in Best Buy's 53-year history and the company's first female CEO.

Joly will become executive chairman of the board after stepping down.

TRASH DISPOSAL

Waste Management buys

smaller rival for $3 billion

Waste Management is pushing into the eastern United States by paying $3 billion for its smaller rival, Advanced Disposal Services.

The country's largest collector of trash and recycling said Monday that it will pay $33.15 per share for Advanced Disposal, a 22 percent premium for the stock. It is also taking on $1.9 billion of the company's debt.

Waste Management Inc., based in Houston, has about 21 million customers. The deal will add more than 3 million residential and industrial customers, mostly in the eastern half of the U.S., where Advanced operates. Advanced Disposal Services, Inc. is based in Ponte Vedra, Florida.

AIRLINES

Jet Airways limiting

flights amid sale talks

India's ailing Jet Airways drastically cut back its operations on Monday amid talks with investors on purchasing a controlling stake in the debt-laden airline.

Once India's largest carrier, Jet Airways is currently operating only seven of its 14 aircraft, and is flying only domestic routes, said spokesman Gaurav Sahni.

A recovery plan led by government-owned State Bank of India and other creditors has so far been unable to staunch the bleeding at the airline, which had 119 aircraft on Dec. 31, when the company first defaulted on some of its $1.5 billion in debt.

Also Monday, Jet Airways pilots demonstrated in Mumbai after deciding against a strike, saying they had not been paid in four months and asking India's government for a lifeline.