Consolidated Edison Development, Inc., New York, a wholly owned subsidiary of Consolidated Edison Inc., has completed purchase of an 80%interest in the 236-Mw natural gas and oil-fired Lakewood cogeneration plant, Lakewood, NJ, from CMS Energy Corp, Dearborn, Mich. CED will use the generating assets to support the power marketing and trading activities of Con Edison Energy, a wholesale energy marketer. Scottish Power became the latest power company to back down in the face of threatened industrial action and scrapped plans to axe 300 engineering jobs over the next 3 years. The Glasgow-based group is also set to back down on a further 150 redundancies among clerical staff under the same program to save �75 million in operating costs in its heavily regulated electricity distribution business. Unions hailed the move. The planned cuts in a workforce of 4,000 would have affected staff in southern Scotland, northwestern England, and northern Wales.