Electric utilities
Rochester Gas and Electric Corp. has reported higher earnings and revenues for the 1995 second quarter, despite earnings for the six-month period being flat and earnings for the 12-month period being down. The company credits cost savings from a workforce reduction program completed in October 1994 and ongoing cost control
Electric utilities
Florida Progress Corporation, parent of St. Petersburg-based Florida Power Corporation, reported second-quarter earnings of $55.2 million, or 58 cents per share, compared with $53.7 million, or 58 cents a share, earned in the same period last year. The company's revenues for the quarter totaled $742.9
Electric utilities
Intergraph Corp., a leading provider of interactive computer graphics systems, has announced a follow-on contract with Central Illinois Public Service (CIPS) to serve as prime contractor for landbase and electric/gas facilities data conversion. This contract builds upon Intergraph's existing work with CIPS to design and build an
Electric utilities
Computer Sciences Corp. (CSC), a leading provider of professional services, has announced a significant contract with San Diego Gas & Electric (SDG&E), a California-based energy provider. The three-year contract, along with two one-year renewal options, calls for CSC to maintain and upgrade all of SDG&E'
Electric utilities
The Long Island Power Authority's (LIPA) proposal to take over Long Island Lighting Company (LILCO) has encountered significant obstacles, largely due to a lack of support from Governor George Pataki. Key to the proposal's success would be Pataki's backing, especially given the substantial amount
Electric utilities
Wisconsin Electric Power Company and Wisconsin Natural Gas Company have been recognized for their efforts in hiring, retaining, and accommodating employees with disabilities. The companies, which are subsidiaries of Wisconsin Energy Corporation, received the Jon Van Dyke Memorial Award from the Milwaukee County Office on Handicapped. The award is given
Electric utilities
Elbert C. Simpson, a veteran in the nuclear power industry, has been elected senior vice president - nuclear engineering at Public Service Electric and Gas Company (PSE&G). Simpson brings an impressive record of managing nuclear power facilities, improving plant performance, and engineering design expertise to his new role.
Electric utilities
CMS Energy Corporation, a leading diversified energy company, has announced a significant increase in its common stock dividend, effective with the next quarterly payment in August 1995. The annual rate will rise to $0.96 per share from the current rate of $0.84 per share, marking a 14 percent
Electric utilities
Baltimore Gas and Electric Company (BGE) has completed the construction of its first new generating unit in four years, Perryman Unit 51. This gas-fueled unit, located in Perryman, MD, will be put into commercial operation on May 30, 1995, increasing the plant's capacity to over 360 megawatts. The
Electric utilities
Westinghouse Electric Corporation has been awarded a contract worth over $4 million to supply advanced plant computer systems to Public Service Electric & Gas Company's Salem Nuclear Station in New Jersey. The new systems, based on Westinghouse's WDPFII Distributed Control System Architecture, will replace the plant&
Electric utilities
IES Utilities, Inc. has expressed disappointment over the Iowa Utilities Board's final order in the electric pricing case, requiring the company to reduce its rates by $16.9 million. The company has decided to exercise its option to request a rehearing of the decision, citing concerns over several
Electric utilities
LG&E Energy Corp.'s Chairman Roger W. Hale emphasized the company's need for transformation to maintain its leadership position in the rapidly changing utility industry at the annual meeting of shareholders. The company has made significant strides in recent years, including reaching new milestones in
