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Business 2005 P34
Extreme makeover: CIS edition
Not all that long ago, utility billing was a much simpler process. Meters were read and bills sent out based on a flat rate times consumption. Billing was so simple, in fact, that many rural cooperatives relied on an honor system for meter reading, whereby each member read his or her own meter on the first of the month and remitted payment based on these readings.
Enterprise agility-modeling response proficiency
Contrary to popular belief, regulated utilities are in competition-for meeting compliance norms and customer expectations established by others, and for securing energy, M&A opportunities and competent management against others. Management, too, is in competition now-for job-retention-as new liabilities test Board Member patience, and as best-practice awareness tests Commissioner's tolerance.
NRC authorizes use of mixed oxide fuel assemblies at Catawba nuclear power plant
The Nuclear Regulatory Commission has authorized Duke Energy Corp. to use four mixed oxide (MOX) fuel assemblies, containing uranium and plutonium, as part of the nuclear fuel at its Catawba nuclear power plant near Rock Hill, S.C.
Constellation Energy named most admired energy company in America by FORTUNE magazine
FORTUNE magazine has selected Constellation Energy as the most admired energy company for its prestigious 2005 list of "America's Most Admired Companies."
Commission accepts settlement resolving investigation of Coral Energy Resources
The Federal Energy Regulatory Commission today approved a $4 million settlement agreement with Coral Energy Resources resolving an investigation into responses the company provided the Commission in a prior investigation.
Cannon Technologies attracts substantial investment from large energy focused investment firm
Cannon Technologies, Inc., a supplier of automation solutions for electric utilities, announced that it has accepted a substantial investment from GFI Energy Ventures, LLC, a leading provider of capital to growth companies serving the energy and utility industries. Cannon helps utilities improve their customer service, system reliability and cost effectiveness with an innovative set of offerings in automated load control, capacitor control, substation monitoring and meter reading.
NRC approves power uprate for Seabrook station
The Nuclear Regulatory Commission has approved a request by FPL Energy Seabrook to increase the generating capacity of Seabrook Station by 5.2 percent. The NRC staff determined that FPL could safely increase the reactor's power output primarily by upgrading minor plant components. NRC staff also reviewed FPL evaluations that showed the plant's design can handle the increased power level.
Plug Power receives U.S. GSA listing
Plug Power Inc. a provider of clean, reliable on-site energy, announced that the Company's GenCore 5-kW backup fuel cell system has been approved by the U.S. General Services Administration (GSA) for listing on the Federal Supply Service Schedule.
Schneider Electric enhances its capabilities in energy management systems with the acquisition of Power Measurement, Inc.
Schneider Electric has agreed to acquire Canadian-based Power Measurement, Inc. (PMI), owned by a consortium led by GFI Energy Ventures LLC. PMI is a leading designer, manufacturer and provider of enterprise energy intelligent systems for energy suppliers, service providers and large energy consumers. PMI had sales of $57 million in 2004.
Progress Energy Florida achieves major reliability milestones company concludes three-year commitment to excellence plan
Progress Energy Florida has completed its three-year Commitment to Excellence plan, achieving the major reliability and operational improvement objectives as promised in February 2002.
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