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Business 2002 P15
LASCOM receives investment from Greenwich Power LLC
LASCOM has received an equity investment from Greenwich Power LLC, a private equity firm focused on investment opportunities in the power industry.
Open-c Solutions names new CEO
Open-c Solutions, a provider of customer-centric billing and customer care solutions to the utility and energy industry, today announced it has appointed Douglas S. Thompson as chairman and CEO.
Energy East Corp. announces early retirement program at operating utilities
Energy East Corp. announced a voluntary early retirement program for salaried employees of its six operating utilities.
Utilities, telecoms and financial institutions dominate ratings watchlists
A new report on trends in rating actions and rating reviews reveals that nearly one out of seven rated corporate issuers globally is currently under review for downgrade, but that three very large, pressured sectors account for nearly 65% of all such reviews.
Utility Partners Inc. emerges from Chapter 11 restructuring
Utility Partners Inc. announced that the company's plan of reorganization was confirmed by the United States Bankruptcy Court, and that the reorganized company has emerged from Chapter 11.
Philips and Hometown Connections sign agreement to offer defibrillators to public power entities
Royal Philips Electronics and Hometown Connections International, LLC, a subsidiary of the American Public Power Association (APPA), announced an exclusive sales and marketing agreement to provide Philips HeartStart FR2+ automated external defibrillators (AEDs) to APPA members and certain government-owned electric entities.
ENDESA and SONAE formally set up a joint company for the supply of electricity in Portugal
ENDESA and the Portuguese SONAE have formalized the setting up of SODESA Comercializacion de Energia, S.A., a joint company owned 50-50% by both companies, that supplies electricity and services to Portuguese eligible customers, which last January received the green light from the European Commission.
PlanGraphics Inc. forms international division
PlanGraphics Inc. recently announced the creation of an International Division and the appointment of Minna Li as Vice President.
Energiedirect deploys Excelergy Revenue Manager
Excelergy Revenue Manager will handle billing, revenues, customer care, collaborative communications and information exchange for Energiedirect, which will offer electricity and-as of January 2004-natural gas to residential Dutch customers.
Moody's downgrades PG&E National Energy Group
Moody's Investors Service has lowered the ratings of PG&E National Energy Group Inc. and certain of its subsidiaries and kept the ratings under review for possible downgrade.
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