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Business 2005 P35
New company to offer regionally-focused resource of clean, reliable electricity and energy services
NewSouth Energy LLC, a newly formed subsidiary of Calpine Corporation, has launched an energy venture in Atlanta, Ga. to better focus on wholesale power customers and energy markets in the South. With access to Calpine's fleet of clean, fuel-efficient power plants, technical capabilities, and power products and services, NewSouth Energy will help to meet the real-time and long-term energy requirements of its customers, including utilities and other load-serving entities.
Duke Power offers new payment and rate options
Duke Power now offers an Equal Payment Plan option for business customers and a new rate to encourage more energy efficient home construction.
Enterprise agility: culture, language and requirements analysis
"Few sectors of the economy have undergone more dramatic changes than those currently sweeping the utilities industry. The Enron debacle and a series of other crises have caused major shifts in strategy, away from deregulated markets and toward alternative profit sources," according to Jill Israel, Entergy Corp's v.p. of financial processes.
Xcel Energy cuts vegetation management costs, reduces potential for line failures and lowers risk of machine-operator Injuries
The year 2003 could be remembered as the year the world went dark. The great New England blackout and the countrywide outage in Italy taught us all the costly nature of grid failures. It also showed how easily we take a reliable, uninterrupted flow of power for granted. While exact causes may never be universally agreed upon, many theories suggest that tree branches tangling with transmission lines could have played a major role in triggering these outages.
Northwestern provides update on bankruptcy issues
NorthWestern Corporation d/b/a NorthWestern Energy announced that the Plan Committee, the successor to the Creditors' Committee formed during the pendency of the Company's Chapter 11 case, and its major shareholders have objected to the Company's previously announced agreement in principle to settle all pending legal actions, appeals, claims and disputes by and among NorthWestern, Magten Asset Management Corporation and Law Debenture Trust Company of New York LLC.
FirstEnergy companies to add more than 400 vehicles to fleet this year
FirstEnergy Corp. announced that it is ordering 440 new vehicles, including 126 bucket trucks costing an average of $100,000 each. The new vehicles, which will be placed into service in 2005, are part of FirstEnergy's plan to spend approximately $1 billion this year on improvements and daily operations for its electric utility companies. The company also will be ordering a similar number of vehicles in 2006 and 2007.
Maritimes & Northeast Pipeline announces open season for new natural gas transportation capacity
Maritimes & Northeast Pipeline (Maritimes) announced an open season for new natural gas transportation capacity that will expand its 850-mile (1365-kilometre) pipeline system.
FPL Group announces settlement rate for corporate units
FPL Group, Inc. announced the settlement rate for the purchase contracts that are a component of its 8.5 percent Corporate Units. Corporate Unit holders will receive 0.8062 shares of FPL Group common stock for each purchase contract and cash in lieu of fractional shares.
Progress Telecom introduces wireless T1 wholesale local loop service
Following the acquisition of Pure Connection, Progress Telecom announced the launch of a new T1 wireless local loop service in Orlando, Florida. This innovative, yet affordable service provides customers with a reliable end-to-end solution that gives them the capability to reach their target destinations.
Northwestern settles litigation and bankruptcy claims with Magten Asset Management and Law Debenture
NorthWestern Corporation d/b/a NorthWestern Energy announced reaching an agreement in principle which would settle all pending legal actions, appeals, claims and disputes by and among NorthWestern, Magten Asset Management Corporation and Law Debenture Trust Company of New York LLC.
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