Although total revenues were up by almost 5 percent for the third quarter of 2006 over Q3 2005, operating income and net income were up by 22.82 percent and 80 percent, respectively.
as conservation, load building, and so on, is important ... For example, the promotion of an electric heat pump can and should be treated as part of a conservation program if the device is installed in lieu of a less-efficient electric resistance heater. If the incentive induces the installation of an electric heat pump instead of gas space heating, however, the program needs to be considered and evaluated as a fuel substitution program."
7. Gas-Electric Mergers. Mr. Rosenstock is astute. In all probability, when a natural gas utility merges with an electric utility, the electric utility will emerge as the dominant force. With electrification generally more profitable for a combined utility than gasification, both utilities in such a merger are culpable if energy consumers loose choices between major competitive end-use alternatives.
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