ComEd says it will delay elements of its grid modernization plan. That's after the Illinois Commerce Commission issued a ruling Wednesday that would prevent the utility from earning its desired profits, as it tries to cover the costs of infrastructure upgrades.
Rochelle-based Nippon Sharyo has been named the intended recipient of a $352 million contract to build 130 bi-level passenger railcars to accommodate high-speed rail expansion in Illinois and two other Midwest states as well as California.
The inaugural Tim Emmons Memorial Scholarship was awarded today to Tammy Terwelp, Director of Content and Programming at Essential Public Media in Pittsburgh.
The scholarship, presented by the Public Radio Program Directors Association, celebrates the life of Tim Emmons, longtime Program Director and General Manager of Northern Public Radio. He died in February after a long struggle with cancer.
More than 125 travel journalists from around North America will visit Rockford next year as part of Travel Media Showcase 2013. The tradeshow is expected to fill approximately 1,000 hotel room nights and bring in more than $100,000 for the local economy.
Governor Pat Quinn was on hand for a major jobs announcement in northern Illinois Thursday morning. Woodward Incorporated says it will build a second campus in Loves Park. The aerospace manufacturer's local expansion will result in more than 600 new jobs over the next five years.
The Whiteside County portion of a proposed wind farm near Deer Grove won approval Tuesday from the county board, while the Ogle County Board okayed a special-use permit for a wind farm near Baileyville.
Subject to conditions, Ireland-based Mainstream Renewable Power can build seven turbines in far southeastern Whiteside County. The board also approved two others, but officials said those need to get the nod from the Deer Grove village board.
That's exactly the same headline as back in May, when the company reported record performance for the second quarter. This morning, Deere reported third -quarter net income totaled $788 million, or $1.98 cents per share, compared to $1.69 a year ago. It's the ninth consecutive quarter the company has reported record earnings. In addition, revenue and net sales jumped 15 per cent in the third quarter.