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Business 2004 P2



UIL announces finance reorganization
UIL Holdings Corporation announced a reorganization of its Finance organization to reduce costs, improve process flow and better support its core utility operations.

Energy efficiency improvements implemented at local academy
The 193 students at Oldenburg Academy of the Immaculate Conception are learning, playing and socializing in a more energy efficient and better-lighted facility, thanks to the efforts of Cinergy Solutions, an affiliate of Cinergy Corp.

Reliant Energy Foundation Gives $500,000 to M. D. Anderson Cancer Center and the Children's Art Project
In the spirit of this season of giving and in recognition of the great work that The University of Texas M. D. Anderson Cancer Center does in the field of children's cancer research, the Reliant Energy Foundation has made a $500,000 contribution to the organization.

Significant resizing of transformer factory in Canada
The VA TECH Supervisory Board have after close examination of the situation and all possible options for the future, made the decision to significantly downsize and restructure VA TECH Ferranti-Packard Transformers Ltd in St. Catharines, Canada, which presently employs a workforce of 230.

Telvent acquires majority equity interest in Miner & Miner
Telvent GIT S.A., the Global RealTime IT Company, announced that it has acquired a majority equity stake in Miner & Miner Consulting Engineers, Incorporated, a world leader in the development and implementation of Geographical Information Systems (GIS) software for utilities.

Communication Technologies, Inc. VP named new head of Power Line Communications board
Communication Technologies, Inc. (COMTek), a telecommunications and information systems company that is the dominant U.S. firm in deployment of broadband over powerline (BPL) technology, announced that the firm's Vice President for Commercial Services Walter Adams is the new president of the Power Line Communications Association (PLCA) board of directors.

Con Edison announces agreement to sell telecom unit to Fibernet
Consolidated Edison, Inc. (Con Edison) announced that it has signed an agreement to sell 100 percent of its wholly owned subsidiary, Consolidated Edison Communications Holding Company, Inc., to FiberNet Telecom Group, Inc. for approximately $37 million in cash.

Duke Energy: FERC approves settlement to resolve refund and Western energy crisis issues
The Federal Energy Regulatory Commission (FERC) has approved a previously announced settlement between Duke Energy and the states of California, Washington and Oregon; FERC staff; California's three largest investor-owned utilities; and other parties, the company said today.

NRC rejects license renewal applications for Pennsylvania company
The Nuclear Regulatory Commission has denied applications to renew the licenses of the Safety Light Corporation in Bloomsburg, Pa. The agency has also issued an Order suspending the licenses when they expire at the end of this month.

Aquila files security application to end reporting requirements in Canada
Aquila, Inc. announced that it filed an application to cease to be a "reporting issuer" in the Provinces of British Columbia, Alberta and Ontario (Canada). The company took the action because it no longer has international utility operations.

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