OTHER NEWS - Nov. 23, 1992

New Offer on Philippine A-Plant: Westinghouse Electric Corp. made a new offer to the Philippines to resolve a long-running dispute over a dormant nuclear power plant built by the company that critics say may be unsafe. The parties have been negotiating the settlement of a federal lawsuit since March, when the Philippines agreed to drop its claim that Westinghouse bribed former President Ferdinand Marcos for the construction contract. Pittsburgh-based Westinghouse has offered to reduce the cost to the Philippines of operating the plant and would eliminate other expenses where possible. The company has agreed to provide the Philippines with $100 million in cash and credits, refurbish the plant and operate it for 30 years for $40 million a year.