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Business 2005 P36
Detroit Edison files rate restructuring proposal
Detroit Edison filed a proposal with the Michigan Public Service Commission (MPSC) to restructure its electric rates and begin phasing out subsidies that have long been part of its pricing structure. The proposal follows a November Detroit Edison rate order in which the MPSC ordered the company to address the issue by filing a proposal before March 23, 2005.
Poverty & the Public Utility, Chapter 3 excerpt
Excerpt from Chapter 3 of Poverty & the Public Utility: Building Shareholder Value through Low-Income Initiatives by Kevin Monte de Ramos
Enterprise agility -- is risk management
Plain and simple, the value proposition for enterprise agility is rooted firmly in risk management. The purpose of agility is to maintain both reactive and proactive response options in the face of uncertainty.
Three professional societies sponsor second annual conference on Power Electronics for Distributed & Cogeneration
The American Institute of Chemical Engineers (AIChE), the Institute of Electrical and Electronics Engineers (IEEE), and the Society of Manufacturing Engineers (SME) have all become Endorsing Sponsors of the second annual conference on Power Electronics for Distributed and Cogeneration (PEDAC '05) to be held June 27-29 at the Sheraton Detroit-Novi, Michigan.
Unitil's standard offer service ends March 1
Unitil Corporation announced that, with the end of Standard Offer Service in Massachusetts on March 1, 2005, its electric customers remaining on Standard Offer Service will move to Default Service, resulting in bill impacts ranging from minus 0.9% to plus 6.4% depending on rate class and usage.
Southern LINC launches new look, new name
Southern LINC, the wireless communications service from Southern Company, announced it is changing its look by incorporating a new logo, new colors and modifying its name. The refreshed brand is meant to appeal to both business owners and consumers alike. The new company name will be SouthernLINC Wireless, which better describes the company's comprehensive offerings in the wireless market.
IBEW Local 245 ratifies contract agreement with Toledo Edison
FirstEnergy Corp. said that employees of its Toledo Edison Company subsidiary represented by the International Brotherhood of Electrical Workers (IBEW) Local 245 voted to ratify a three-year contract agreement. Union leadership and the company entered into a stipulated agreement on January 14, 2005.
TXU Power seeking proposals on gas-fired power plant units; sixty-one percent of natural gas fleet available
TXU Corp., through its subsidiary TXU Power, announced that it intends to offer the capacity from 61 percent of its natural gas-fired Texas generating fleet totaling 6,214 megawatts for contract (through a tolling arrangement) or for sale. TXU Power has issued a Request for Proposals (RFP) and retained Navigant Consulting, Inc. (NCI) as its advisor.
Duke Energy field services files notice of suspension of duty to file reports
Duke Energy Field Services LLC (DEFS) announced today that it filed a Form 15 with the Securities and Exchange Commission to suspend its reporting obligations under the Securities Exchange Act of 1934. The company is eligible to suspend its reporting obligations under the 1934 Act because it has fewer than 300 holders of record of any class of its securities.
MiniMax, Powel combine to provide decision support platform for utilities
MiniMax and Powel ASA announced they have merged and formed a North American-based organization to provide a comprehensive, integrated software platform for utilities.
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