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3M officials had previously warned that revenue for the fourth quarter and full year were likely to be flat because of pressures from the strong U.S. dollar, which generally makes U.S.-made goods more expensive overseas. In some cases, 3M responded by lowering product prices, which improved its competitive standing abroad, Gangestad told analysts Tuesday.
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The plant hasn’t been called on much during the spring and fall in recent years, utility spokesman Brian Manthey said. The reason: in the wholesale power market, natural-gas-burning plants are called on first because the fuel is cheaper than coal.