In union circles, they call it "burial insurance." That apt phrase denotes the severance, early retirement and re-training packages negotiated for veteran utility workers sideswiped by a changing...
day demands of retail customers, but asked its staff to study objections by marketers Enron and New Power Co., which argued that the rule was too restrictive, and urged the PUC to allow marketers to buy less firm capacity rights from secondary markets.
In a separate opinion, Commissioner Craig Glazer said that East Ohio should have done more to prove the need for marketers to buy firm capacity.
"Legally, the PUC may find it extremely difficult to undo this requirement once approved, without the agreement of East Ohio," said Glazer. "[I]t is noteworthy that this Commission has not required a similar 'comparable capacity' requirement in any other gas choice program nor on electric marketers." .
American Electric Power has selected LineSoft Corp.'s line design software, LD-Pro, to automate transmission and distribution line design for service regions formed as a result of AEP's recent merger with Central and South West Corp. Prior to the merger, CSW worked with LineSoft in a successful LD-Pro pilot. AEP, already an LD-Pro user, will deploy 200 LD-Pro design seats for work in Texas, Oklahoma, Arkansas, and Louisiana, bringing to 600 the number of LD-Pro seats AEP is using.
Gas Technology Institute has acquired a majority interest in TICORA Geosciences Inc. , a coalbed methane and shale resource evaluation firm based in Denver. Joining GTI's E&P Services group, TICORA will continue to provide geological-based technical support to major and independent coal and shale gas producers and the natural gas research community.
Utility.com has launched three appliance service plans to cover repair of major household appliances. The plans are available to customers who sign up online and incur a modest monthly fee on their credit or debit card. Appliances include air conditioners, water heaters, furnaces, heat pumps, refrigerators, dishwashers, and clothes washers and dryers.
Kansas City Power & Light Co.'s telecommunications subsidiary, KLT Telecom Inc. , conditionally has agreed to acquire for an aggregate purchase price of approximately $110 million an additional 31 percent of the fully diluted common stock in DTI Holdings Inc. , a St. Louis firm that is developing a nationwide fiber optic network for voice and data communications. The investment would increase KLT Telecom's fully diluted ownership to 78 percent of the optical networking firm.
Reliant Energy has announced a $25 million equity investment in Grande Communications , which is building a broadband network that will offer bundled services, including high-speed Internet, all-distance telephone, and advanced cable entertainment to homes and business. The investment is expected to close upon approval under the Hart Scott Rodino Act. Reliant Energy also committed to invest, under certain conditions, a similar amount in a future Grande Communications equity financing.
Williams and Invensys plc have formed a strategic alliance to link and deliver communications systems and energy management solutions for customers across commercial, industrial, and residential markets. Developing communications networks and energy management systems for schools, colleges and universities, healthcare facilities, and commercial facilities will be an initial focus of the alliance.
USEC Inc. has completed 20 percent of the historic 20-year United States-Russian Megatons to Megawatts