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Business 2005 P18
Intergraph selected by Progress Energy
Intergraph Corporation announced Progress Energy has selected Intergraph's G/Technology™ to upgrade and merge disparate AM/FM/GIS systems within its two electric utilities, Progress Energy Florida and Progress Energy Carolinas. Progress Energy will upgrade its existing FRAMME-based AM/FM/GIS applications combining them into a common G/Technology network model for all of Progress Energy.
Montana Public Power remains committed to acquiring Northwestern Corporation
Montana Public Power, Incorporated ("MPPI"), a Montana non-profit corporation formed for the purpose of bringing NorthWestern's utility businesses under local control and public ownership, reiterated its commitment to acquiring NorthWestern Corporation.
Dominion closes on acquisition of Kewaunee power station
Dominion, one of the nation's largest energy producers, closed Tuesday on its purchase of the Kewaunee Nuclear Power Plant in northeastern Wisconsin.
Dresser-Rand announces agreement with Tuthill Corporation
Dresser-Rand Company announced that a wholly-owned subsidiary has entered into an agreement with Tuthill Corporation of Burr Ridge, Illinois to acquire certain assets of its Tuthill Energy Systems division (TES). TES is an international manufacturer of single- and multi-stage steam turbines and portable ventilators that are widely used throughout the energy industry.
Envision utility software expands with new data center
Envision Utility Software Corporation is pleased to announce the opening of its new data center in San Marcos, Texas. The fully operational data center offers software application hosting to current and future clients. This expansion adds a third location to Envision's existing offices in Santa Fe, New Mexico and Austin, Texas.
Appalachian Power seeks recovery of environmental and reliability costs in Virginia
Appalachian Power made a filing with the Virginia State Corporation Commission seeking approval for the recovery of $62.1 million in new environmental and reliability costs.
Alliant Energy reaches agreement in sale of Illinois utility assets
Alliant Energy Corporation signed definitive agreements yesterday with Rock County Electric Cooperative Association (RCECA) and Jo-Carroll Energy (JCE) to purchase the company's domestic utility distribution assets in Illinois. Alliant Energy is selling its Illinois utility properties for approximately $47 million.
ABB announces restructuring in transformer business
ABB, the leading power and automation technology group said that it will undertake restructuring activities within its North American transformer business unit. The efforts are part of a global effort to strategically realign the transformer business for profitability and service to customers.
Countryside acquires California power generation assets for $95.3 million
Countryside Power Income Fund announced that it has acquired the holding company of Ripon Cogeneration LLC ("Ripon"), a California-based power generation company, for $95.3 million.
Sale of Midwest Information Systems completed
Officials at Otter Tail Corporation announced the completed sale of its telecommunications business, Midwest Information Systems, to Arvig Enterprises, Inc. in a cash-for-stock transaction. Otter Tail Corporation expects the sale of Midwest Information Systems will result in an after-tax gain estimated to be in the range of $.37 to $.42 per share.
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