Business 2006 P1 : Electric Light & Power/Utility Automation & Engineering T&D News Covering AMR, T&D Automation, Electric Transformers Design, Power Distribution Transformers, SCADA Systems & more

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Business 2006 P1

METC gets approval for transmission cost recovery
As part of a seven-year program, METC plans to invest approximately $600 million to rebuild and upgrade existing equipment.

FERC approves mergers in Pennsylvania, Upper Midwest; co-op's restructuring authorized
FERC authorized the acquisition of Duquesne Light Holdings Inc. by an investment consortium led by Macquarie Infrastructure Partners, merger between Peoples Energy and WPS Resources and approved a Virginia-based electric cooperative's structural reorganization.

AES enters transmission biz in North America
AES Corp. announced that it is entering the electric transmission business in North America; will develop transmission projects with former Trans-Elect management.

FPL Group appoints new president and COO
FPL Group Inc. announced that James Robo has been appointed president and COO, effective immediately.

TXU delists on NYSE Arca
TXU Corp. announced plans to withdraw its securities from listing on NYSE Arca; considers delisting from Chicago Stock Exchange; will keep securities on NYSE.

Composite Technology announces $4.1 mill cable sale for China's grid
Composite Technology Corp. announced a new order for 282 kilometers of ACCC Conductor destined for the Chinese electrical grid; order valued at over $4.1 million.

SD Public Utilities Commission rules on NorthWestern sale
NorthWestern Corp. announced that the South Dakota Public Utilities Commission has determined that current state law does not allow them to exercise jurisdiction over the proposed sale of NorthWestern to Babcock and Brown Infrastructure Ltd.

Industry opinion: Utility outdoor lighting service: Why regulate a competitive service as if it were a monopoly?
In a restructured energy market, does it make sense to continue to regulate private area lighting and street lighting services as monopoly services subject to traditional utility regulation with the allocation of costs determined in a rate proceeding using a fully allocated cost-of-service study based on historical costs?

U.S. Energy Systems names new independent director to board
U.S. Energy Systems Inc. announced that Robert Schneider has been appointed as an independent member of the company's board of directors.

Hydro One appoints acting president and CEO
The Hydro One board of directors appointed Laura Formusa acting president and CEO of Hydro One Inc.

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