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Business 2005 P28



Tipmont REMC achieves a Midwest first with use of soybean oil in overhead transformers
Tipmont REMC announced that all overhead electric transformers it purchases in the future will be transformers that utilize a soybean-based oil rather than petroleum oil as a coolant. That's good news for the 28,000 soybean farmers in Indiana, the nation's third-largest soybean producer.

USW Union: DuPont investor report says chemical giant falls short of full disclosure on Teflon-related costs
The DuPont Co. has a failed record of providing investors with crucial information about hidden costs related to the production and use of controversial Teflon-related chemicals, according to a report released by a shareholder coalition.

Suez Energy Resources NA launches power pledge drive campaign
SUEZ Energy Resources NA, Inc. (formerly Tractebel Energy Services, Inc., the U.S. retail energy business of SUEZ Energy International), is offering businesses in New Jersey a chance to reduce their electricity costs and, at the same time, help out several local children's charities.

Reliant Energy completes sale of remaining hydroelectric plants
Reliant Energy completed the previously announced sale of its two remaining hydroelectric generating stations for $42 million to Brascan Power, a subsidiary of Brascan Corporation.

AGL Resources evaluating Georgia rate case decision
Atlanta Gas Light, a wholly owned subsidiary of AGL Resources, is evaluating the decision by the Georgia Public Service Commission (GPSC) that would reduce the company's revenue.

Golder Associates hires engineer for energy industry
Harold Frediani, P.E., P.H., joins Golder's Atlanta, GA office as Senior Water Resources Engineer where he will help expand its business relationships with industrial clients, including power providers. He has over 33 years of experience with industrial projects, primarily in hydrology, hydrothermal and water quality analysis, and related civil operations.

Two industry luminaries join Silver Spring Networks' board of directors
Silver Spring Networks, innovators of open, standards-based utility networking technology, announced that two industry luminaries, Thomas R. Kuhn, President of the Edison Electric Institute and Corbin A. McNeill, Jr., retired Chairman and co-CEO of Exelon Corporation, have joined the company's Board of Directors.

NxtPhase to be acquired by Beacon Power
NxtPhase T&D Corporation, a leading provider of digital relays, recorders, and fiber optic solutions for the electric power industry, today announced that it will be acquired by Beacon Power Corporation.

Alabama Power improves compliance with Sarbanes-Oxley and optimizes funds
Alabama Power desired tighter accounting controls and improved audit and employee reporting capabilities to better meet Sarbanes-Oxley compliance requirements. Even with a department of six dedicated to month-end accounting, the department was 3 to 6 months behind with reconciliation and reporting.

Enterprise Agility: SOX and Enterprise information integration
The intent of Sarbanes-Oxley (SOX) can be characterized as risk reduction: reduce errors, inhibit fraud, and provide shareholders with transparent equal-access to material knowledge. But implementation is principally procedural controls and documentation, under threat of penalty. The vague parts of SOX are where the real leverage lies: principles of intent, and corporate transparency.

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