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Business 2004 P9
Allegheny Energy completes equity financing
Allegheny Energy, Inc. announced that it has completed a $151.5 million private placement of its common stock. The Company sold 10 million shares of common stock at a price of $15.15 per share directly to four institutional investors. The Company intends to use the proceeds of the sale to reduce debt as part of its plan to repay $1.5 billion in debt by year-end 2005.
GE Energy, Bechtel announce alliance for cleaner coal projects
GE Energy and Bechtel Corp. intend to establish an alliance to develop a standard commercial offering for optimized integrated combined-cycle gasification (IGCC) projects in North America. IGCC systems convert coal and other hydrocarbons into synthetic gas, which after cleanup is used as the primary fuel for a gas turbine in a combined-cycle system.
Composite Technology Corp. announces manufacturing, distribution agreement with General Cable
Composite Technology Corp. has entered into an agreement with General Cable to manufacture and distribute CTC's aluminum conductor composite core cable.
Homestead Energy Services completes migration to ArcFm 9.0.1 solution
Homestead Energy Services (HES), a municipal utility serving more than 16,900 customers in Miami-Dade County, FL, successfully migrated from ArcFM 7.2.1 to the ArcFM 9.0.1 Solution. HES is the first Miner & Miner client to place the latest release of the ArcFM 9.0.1 solution into production.
Datamatic wins landmark patent for AMR system
The United States Patent and Trademark Office has awarded Datamatic, Ltd., a broad U.S. Patent for its advanced Automatic Meter Reading technology. U. S. Patent 6,798,352 was issued on September 28, 2004. Datamatic has been a leading supplier of enterprise meter reading solutions for gas, water and electric municipalities and private utilities worldwide since 1980.
SEL offers free technical seminar and participates in 31st Annual Western Protective Relay Conference
In conjunction with the 31st Annual Western Protective Relay Conference (WPRC) in Spokane, Washington (October 19-21), Schweitzer Engineering Laboratories, Inc. (SEL) presents its 20th Annual Technical Seminar free of charge on October 18, 2004.
Pepco Holdings Subsidiary and Siemens form alliance to enhance performance and save costs
Pepco Holdings Inc. announced that its unregulated subsidiary, Conectiv Energy, has agreed to form an alliance with Siemens Westinghouse Power Corporation (SWPC), a subsidiary of Siemens AG.
AMR system survives wrath of Hurricane Ivan in Alabama & Mississippi
Southern Company service territories in Alabama and Mississippi were among the areas hardest hit by Hurricane Ivan when it came ashore from the Gulf of Mexico on the evening of Sept. 15. Yet despite top winds of 135 MPH, a deluge of rainfall and sporadic tornadoes throughout the region, a new generation of automatic meter reading (AMR) installations by Advanced Metering Data Systems not only survived the storm but operated flawlessly throughout the ordeal.
PECO Energy, Exelon applaud Gamesa decision to base U.S. operations in Philadelphia
PECO Energy and its parent, Exelon Corporation, applaud Gamesa Corporation for its decision to base its East Coast development office and U.S. headquarters in Philadelphia, as announced today by Pennsylvania Gov. Ed Rendell. Based in Spain, Gamesa manufactures wind energy components and develops wind farms.
Progress Energy revises 2004 earnings guidance due to lower synthetic fuels production from hurricane impacts
Progress Energy announced that the total damage resulting from Hurricanes Charley, Frances and Ivan is estimated at $310 million to $330 million. As a result, the company's 2004 ongoing earnings guidance is being revised to $2.95 to $3.10 per share from $3.50 to $3.65 per share due to a decrease in synthetic fuel production.
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