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Industry News 2003 P41
Chubu Electric Power Co. wins international 'Edison Award' for online reliability program
In recognition of its creation of the Transient Stability Control System, a pioneering online program to help maintain electric system reliability, the Chubu Electric Power Company was named the 2003 winner of the international Edison Award, the electric power sector's highest honor.
Fitch sees increasing need for liquidity in U.S. public power
Fitch Ratings strongly believes there is an increased need for U.S. public power systems to maintain sufficient liquidity reserves and access to liquidity, according to a new report published today by the rating agency.
During a year of adversity, industry made strides in restoring confidence, outgoing EEI chair says
The electric power industry has made significant strides in restoring investor confidence in the past twelve months, yet more work remains to win over Wall Street and the investor community, outgoing Edison Electric Institute Chairman Erroll B. Davis Jr. told the association's annual convention here.
ComEd transfers transmission services to PJM
Commonwealth Edison (ComEd) on Monday began receiving electric transmission reservation services from PJM Interconnection, the nation's largest operator of electric transmission systems.
Allen Franklin elected EEI chairman
Allen Franklin, chairman, president and CEO of Southern Company, Atlanta, was elected chairman of the Edison Electric Institute (EEI), the trade association of shareholder-owned electric companies, international affiliates and associates worldwide.
FPL Group captures EEI's 'Edison Award,' cited for its 'Building a Sustainable Future' plan
FPL Group, Inc. on Wednesday was named the 2003 winner of the Edison Award, the electric power industry's highest honor.
FERC approves new natural gas capacity to help relieve bottlenecks in the Southwestern U.S.
FERC has approved El Paso Natural Gas Co.'s Power-Up Project that will help relieve capacity bottlenecks in the southwestern U.S. and will provide improved energy infrastructure for the region.
Con Edison's investments help ensure reliable power for customers this summer
Consolidated Edison Company of New York, Inc. is investing $522 million this year in upgrades to its electric delivery system for the summer, the company said.
Former Enron trader John Forney arrested
The arrest Tuesday of an employee in American Electric Power's commercial operations is not related to actions during his 15 months with AEP.
Energy utility industry revenues drop from $423 billion to $391 billion from 2001 to 2002, report says
The C Three Group has completed its annual list of key performance measures for the largest U.S. investor-owned utilities, concluding that 2002 was a horrific year for many of them.
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