(September 2009) The industry’s best companies are weathering the financial storm reasonably well, with the F40 delivering equity returns in the 14-percent range for fiscal 2008....
environmental and social issues and impacts associated with the identified system enhancements were likely to be significant. Download at PSC internet site at http://www.psc.state.wi.us.
MAPP REGION. Members of the Mid-Continent Area Power Pool were to return their ballots on Nov. 4 in a vote on whether to create an independent system operator - a nonprofit corporation separate from MAPP to administer the a regional transmission tariff and operate a security center to oversee the grid. The measure would make ISO membership mandatory, but let MAPP members choose whether to transfer control of transmission facilities to the ISO.
EAST-WEST TIES. New Century Energies is planning to build a $110-million, 300- mile, 345-kv transmission line to connect Public Service Co. of Colorado and Southwestern Public Service Co. for the first time and allowing for asynchronous power flows between the Eastern and Western interconnections. Out of several alternatives, it chose a route north from Amarillo, then through the Oklahoma Panhandle to Kansas, then west to a substation near Lamar, Colorado, noting it was technically feasible, offered customer benefits, and satisfied reliability guidelines of the Western States Coordinating Council and the Southwest Power Pool.
THE U.S. Department of Energy chose Johnson Controls Inc., as one of seven energy service companies to help federal agencies in twenty states with a $1.5-billion upgrade of government facilities. The action allows federal agencies to negotiate services through Super Energy Savings Performance Contracts (ESPCs) with designated energy service companies.
DTE Coal Services Inc., a subsidiary of DTE Energy, recently acquired Fieldston Transportation Services LLC (FTS) from the Fieldston Co. and Focus Transportation LLC. FTS was renamed as DTE Transportation Services Inc.
Carolina Power & Light has agreed to distribute to its commercial and industrial customers American Superconductor Corp.'s line of industrial power quality solutions on superconducting magnetic energy storage technology. American Superconductor will provide sales and customer service training and technical support for CP&L personnel.
Central Maine Power Co. has selected Intergraph Corp. to provide AM/FM/GIS software and services under the product name ActiveFRAMME. Central Maine Power faces the startup of the retail electric competition in Maine on March 1, 2000.
Schlumberger Resource Management Services won a $12.2-million contract from South Australian Water Corp. to upgrade water metering throughout the state of South Australia. They will install a total of 440,000 new meters over six years beginning in October. The new meters will give the company an advanced metering infrastructure to precisely monitor and manage its distribution network.
PP&L Resources Inc. acquired Penn Fuel Gas Inc. Penn Fuel Gas distributes and stores natural gas and sells propane. According to the merger agreement, Penn Fuel Gas shareholders will receive 6.968 common shares of PP&L Resources for each common share of Penn Fuel Gas that they own. PP&L Resources issued about $133 million of common stock to close the merger.
CILICORP Inc. completed the sale of the common equity of its fiber optic-based telecommunications subsidiary, QST Communications Inc. to McLeodUSA Telecommunications Services Inc. for $20 million in cash and stock options valued at $5.5 million. CILICORP Inc. will recognize a