State Line Generating Plant
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State Line Generating Plant
The State Line Generating Plant was a coal-fired electrical generating station that operated from 1929 until 2012. It was located on the coast of Lake Michigan, bordering the state line separating Indiana from Illinois but within the corporate limits of Hammond, Indiana. As of 2008–09, it had a year-round capacity of 515 megawatts. Most of the plant's exterior and some of its interior infrastructure dated back to its original operation in 1929, making this plant one of the oldest large-scale urban electrical generating stations in the United States at the time it ceased operations. The plant's age meant that it generated more toxic waste, such as airborne mercury and nitrogen oxides, than most other U.S. generating plants. Historically owned and operated by Commonwealth Edison, the State Line Generating Plant was later owned and operated by Dominion Resources. It was a National Historic Mechanical Engineering Landmark. The plant reached the end of its operating lifespan and ...
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Hammond, Indiana
Hammond ( ) is a city in Lake County, Indiana. It is part of the Chicago metropolitan area, and the only city in Indiana to border Chicago. First settled in the mid-19th century, it is one of the oldest cities of northern Lake County. As of the 2020 United States census, it is also the largest in population. The 2020 population was 77,879, replacing Gary as the most populous city in Lake County. From north to south, Hammond runs from Lake Michigan down to the Little Calumet River; from east to west along its southern border, it runs from the Illinois state line to Cline Avenue. The city is traversed by numerous railroads and expressways, including the South Shore Line, Borman Expressway, and Indiana Toll Road. Notable local landmarks include the parkland around Wolf Lake and the Horseshoe Hammond riverboat casino. Part of the Rust Belt, Hammond has been industrial almost from its inception, but is also home to a Purdue University campus and numerous historic districts that ...
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Samuel Insull
Samuel Insull (November 11, 1859 – July 16, 1938) was a British-born American business magnate. He was an innovator and investor based in Chicago who greatly contributed to create an integrated electrical infrastructure in the United States. Insull created holding companies that purchased utilities and railroads. Insull was responsible for the building of the Chicago Civic Opera House in 1929. Due to the Great Depression, his vast Midwest holding company empire collapsed, and he was accused of profiting personally by selling worthless stock to unsuspecting investors who trusted him because of his position and reputation. Following a seven-week trial, he and 16 co-defendants were acquitted of all charges after two hours of jury deliberation. Early life Insull was born on November 11, 1859, in London, the son of Insull Insull, a tradesman and lay preacher who was active in the temperance movement, and Emma Short. He was one of five siblings who survived to adulthood. His ...
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Junk Bond
In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade by credit rating agencies. These bonds have a higher risk of default or other adverse credit events, but offer higher yields than investment-grade bonds in order to compensate for the increased risk. Default risk As indicated by their lower credit ratings, high-yield debt entails more risk to the investor compared to investment grade bonds. Investors require a greater yield to compensate them for investing in the riskier securities. In the case of high-yield bonds, the risk is largely that of default: the possibility that the issuer will be unable to make scheduled interest and principal payments in a timely manner. The default rate in the high-yield sector of the U.S. bond market has averaged about 5% over the long term. During the liquidity crisis of 1989-90, the default rate was in the 5.6% to 7% range. During the pandemic of 2 ...
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Gigawatt
The watt (symbol: W) is the unit of power or radiant flux in the International System of Units (SI), equal to 1 joule per second or 1 kg⋅m2⋅s−3. It is used to quantify the rate of energy transfer. The watt is named after James Watt (1736–1819), an 18th-century Scottish inventor, mechanical engineer, and chemist who improved the Newcomen engine with his own steam engine in 1776. Watt's invention was fundamental for the Industrial Revolution. Overview When an object's velocity is held constant at one metre per second against a constant opposing force of one newton, the rate at which work is done is one watt. : \mathrm In terms of electromagnetism, one watt is the rate at which electrical work is performed when a current of one ampere (A) flows across an electrical potential difference of one volt (V), meaning the watt is equivalent to the volt-ampere (the latter unit, however, is used for a different quantity from the real power of an electrical circuit). : ...
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Schenectady, New York
Schenectady () is a city in Schenectady County, New York, United States, of which it is the county seat. As of the 2020 census, the city's population of 67,047 made it the state's ninth-largest city by population. The city is in eastern New York, near the confluence of the Mohawk and Hudson rivers. It is in the same metropolitan area as the state capital, Albany, which is about southeast. Schenectady was founded on the south side of the Mohawk River by Dutch colonists in the 17th century, many of whom came from the Albany area. The name "Schenectady" is derived from the Mohawk word ''skahnéhtati'', meaning "beyond the pines" and used for the area around Albany, New York. Residents of the new village developed farms on strip plots along the river. Connected to the west by the Mohawk River and Erie Canal, Schenectady developed rapidly in the 19th century as part of the Mohawk Valley trade, manufacturing, and transportation corridor. By 1824, more people worked in manufac ...
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General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE – Irving Langmuir (1932) and Ivar Giaever (1973) – have been awarded the Nobel Prize. On November 9, 2021, the company announced it would divide itself into three investment-grade public companies. On July 18, 2022, GE unveiled the brand names of the companies it ...
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Turbine
A turbine ( or ) (from the Greek , ''tyrbē'', or Latin ''turbo'', meaning vortex) is a rotary mechanical device that extracts energy from a fluid flow and converts it into useful work. The work produced by a turbine can be used for generating electrical power when combined with a generator.Munson, Bruce Roy, T. H. Okiishi, and Wade W. Huebsch. "Turbomachines." Fundamentals of Fluid Mechanics. 6th ed. Hoboken, NJ: J. Wiley & Sons, 2009. Print. A turbine is a turbomachine with at least one moving part called a rotor assembly, which is a shaft or drum with blades attached. Moving fluid acts on the blades so that they move and impart rotational energy to the rotor. Early turbine examples are windmills and waterwheels. Gas, steam, and water turbines have a casing around the blades that contains and controls the working fluid. Credit for invention of the steam turbine is given both to Anglo-Irish engineer Sir Charles Parsons (1854–1931) for invention of the reaction turbine, ...
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Interurban Railroad
The Interurban (or radial railway in Europe and Canada) is a type of electric railway, with streetcar-like electric self-propelled rail cars which run within and between cities or towns. They were very prevalent in North America between 1900 and 1925 and were used primarily for passenger travel between cities and their surrounding suburban and rural communities. The concept spread to countries such as Japan, the Netherlands, Switzerland, Belgium, Italy and Poland. Interurban as a term encompassed the companies, their infrastructure, their cars that ran on the rails, and their service. In the United States, the early 1900s interurban was a valuable economic institution. Most roads between towns and many town streets were unpaved. Transportation and haulage was by horse-drawn carriages and carts. The interurban provided reliable transportation, particularly in winter weather, between the town and countryside. In 1915, of interurban railways were operating in the United States an ...
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Chicago South Shore And South Bend Railroad
The Chicago South Shore and South Bend Railroad , also known as the South Shore Line, is a Class III freight railroad operating between Chicago, Illinois, and South Bend, Indiana. The railroad serves as a link between Class I railroads and local industries in northeast Illinois and northwest Indiana. It built the South Shore Line electric interurban and operated it until 1990, when it transferred to the Northern Indiana Commuter Transportation District. The railroad is owned by the Anacostia Rail Holdings Company. History The South Shore Line is the last remaining of the once numerous electric interurban trains in the United States. The South Shore began in 1901 as the Chicago and Indiana Air Line Railway, a streetcar route between East Chicago and Indiana Harbor. Reorganized in 1904 as the Chicago, Lake Shore and South Bend Railway, by 1908 its route had reached South Bend, Indiana via Michigan City, Indiana. The company leased the Kensington and Eastern Railroad, an Illinoi ...
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Refrigerator
A refrigerator, colloquially fridge, is a commercial and home appliance consisting of a thermally insulated compartment and a heat pump (mechanical, electronic or chemical) that transfers heat from its inside to its external environment so that its inside is cooled to a temperature below the room temperature. Refrigeration is an essential food storage technique around the world. The lower temperature lowers the reproduction rate of bacteria, so the refrigerator reduces the rate of spoilage. A refrigerator maintains a temperature a few degrees above the freezing point of water. The optimal temperature range for perishable food storage is .Keep your fridge-freezer clean and ice-free ''BBC''. 30 April 2008 A similar device that maintains a temperature below the freezing point of water is called a freezer. The refrigerator replaced the icebox, which had been a common household appliance for almost a century and a half. The United States Food and Drug Administration recommends t ...
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Electric Light Bulb
An electric light, lamp, or light bulb is an electrical component that produces light. It is the most common form of artificial lighting. Lamps usually have a base made of ceramic, metal, glass, or plastic, which secures the lamp in the socket of a light fixture, which is often called a "lamp" as well. The electrical connection to the socket may be made with a screw-thread base, two metal pins, two metal caps or a bayonet cap. The three main categories of electric lights are incandescent lamps, which produce light by a filament heated white-hot by electric current, gas-discharge lamps, which produce light by means of an electric arc through a gas, such as fluorescent lamps, and LED lamps, which produce light by a flow of electrons across a band gap in a semiconductor. Before electric lighting became common in the early 20th century, people used candles, gas lights, oil lamps, and fires. Vasily Vladimirovich Petrov developed the first persistent electric arc in 1802, an ...
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