Toyota wanted a bigger European market share of the one-tonne utility market.
Under deregulation, New England's utility market has already undergone substantial changes.
Any merger plan would conflict with the Governor's pledge to bring competition to the utility market on the Island.
But pressure to pay them off more rapidly has grown as many states have begun planning to open their closed utility markets to outside competition.
New York's utility market is expected to be fully deregulated by 2002.
The problem is that cutting tuition fees from £9,000 to £6,000, and allowing new companies to enter the utility market, aren't really "radical" at all.
For the Long Island companies it's an opportunity to apply their technology to the utility market, where there is great potential for growth and expansion.
In recent years, the deregulation of many utility markets made this category much more volatile.
A competitive utility market has made many electrical companies reluctant to part with statistics for fear the data will be used by competitors.
He said he expected Goldman might do likewise after the utility market hits bottom.