1. The original consortium of 15 energy companies, announced March 29, 2000, included American Electric Power, Cinergy, consolidated Edison Inc., Duke Enbergy, Edison International, Entergy, Exelon, firstEnergy Corp., FPL Group, PG&E Corp., Public Service Enterprise Group, Reliant Energy, Sempra Energy, Southern Company, and TXU.
Battle of Dunkirk
Utilities rush to save their last tenuous hold over the power plants they so smugly sold off.
e-Commerce is consolidating, but there's room for the little guys too.
Thomas Edison built the electric utility industry virtually from scratch out of his workshop, so can Internet mavericks do the same for e-commerce? Or has the moment passed for the garage startups, leaving it to the big utilitiesor better yet, the large conglomerates and multi-company joint venturesto attract capital and introduce the new ideas?
William Catacosinos has resigned as chairman of MarketSpan Corp., the utility formed to replace the troubled Long Island Lighting Co. Catacosinos is under investigation by the New York attorney general due to a $42-million severance payment as part of the buyout of LILCO by the New York government-run Long Island Power Authority (see Public Utilities Fortnightly, August 1998, p.28).
SCT Utility Systems Inc., signed a software and services agreement worth about $13 million with the city of Seattle for the BANNER Customer Management System.