Fee Simple? Utility Board Directors Get Less Than Peers
How do fees for utility board directors match up to those at other companies? Not too shabbily, as the following data show, but...
jü( )l, n: A unit of energy measurement equal to a watt-second.
Union Electric Co. and the Electric Power Research Institute have teamed on a low-cost geothermal project that uses water from an abandoned lead mine to heat and cool the new Park City, MO, town hall. The mine's 70 billion gallons of water remain at 58°F year-round. In winter, well water goes through a heat exchanger, transferring heat from the mine water to a heat pump system, which converts the heat to warm air. In summer, the process is reversed.
GE Power Systems will build 5 power plants, worth more than $300 million, in the United States, Canada, Italy, Finland, and Chile. The U.S. contract provides three gas-turbine generators for a 250-Mw cogeneration plant for Georgia Gulf Corp.'s Plaquemine, LA, complex (em the utility's first independent power project.
CILICORP, Inc. of Peoria, IL, has formed a new subsidiary, QST Enterprises, Inc. Through subsidiaries, QST will deal in wholesale energy and establish a nonregulated retail energy merchant business. CILICORP is the parent of Central Illinois Light Co.
For the second year in a row, the $568-million budget adopted by the North Carolina Eastern Municipal Power Agency calls for no increase in its wholesale rate. The nonprofit agency provides wholesale power to 32 cities in eastern North Carolina.
Noram Energy Corp. has opened a regional office in Tulsa, OK, as part of its national energy marketing plan. The office will be operated by Noram Field Services, Inc., a subsidiary, and will develop new well operating, gathering, administrative, and marketing services for oil and gas producers in Arkansas, Oklahoma, and the Texas Panhandle. t
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