(September 2007) DPL Inc. promoted Bryce Nickel to vice president of transmission and distribution operations. DPL also announced the promotion of Kevin Hall to director,...
part, Order 22, 838, Jan. 20, 1998.) According to Central Vermont, if the order remains in effect, Connecticut Valley no longer would qualify for cost-based accounting and would be required to reduce its 1997 earnings by $3 million. The write-off would lead to a default of $4 million of outstanding debt. Central Vermont has asked the PUC to vacate its order. Central Vermont also plans to ask FERC to approve a $45 million exit fee in order to recover stranded costs if the contract is voided.
Lori A. Burkhart and Phillip S. Cross are contributing legal editors. Beth Lewis is editorial assistant.
Articles found on this page are available to Internet subscribers only. For more information about obtaining a username and password, please call our Customer Service Department at 1-800-368-5001.