Electric utilities
The Montana Power Company (NYSE: MTP) has elected two out-of-state business persons to its Board of Directors, marking a departure from its long-standing tradition of having only Montanans serve on the board. Daniel T. Berube, chairman and CEO of MPC, stated that the decision is aimed at broadening the board&
Electric utilities
Atlanta Gas Light Company has received final approval from the Georgia Public Service Commission to proceed with its proposed $41 million refund to customers in Georgia, marking a significant benefit for the average residential customer, who will receive an amount of just over $23 as a credit on their September
Gas industry
Energen Corporation, a diversified energy company, announced a 3.6 percent increase in its quarterly cash dividend to 29 cents per share, marking the 13th consecutive annual dividend increase since the company's formation in 1953. The new dividend rate is payable on September 1 to shareholders of record
Gas industry
Brooklyn Union Gas's third quarter results revealed a loss of $6.2 million, or 13 cents per share, attributed to the seasonal nature of gas-heating sales. However, the company's consolidated earnings for the first nine months of fiscal 1995 were $110.1 million, or $2.29
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
Natural gas
Pine Needle LNG Company, a joint venture between Transcontinental Gas Pipe Line Corporation (Transco) and Piedmont Natural Gas Company, Inc., plans to construct a liquified natural gas (LNG) peak demand facility in North Carolina. The facility, estimated to cost $107 million, will provide peak demand and storage service to Piedmont
Gas industry
Resource Energy Services Company, LLC, a Houston-based natural gas marketing company, has acquired the natural gas marketing assets of Triumph Natural Gas, Inc. (Triumph), a Dallas-based gas gathering and marketing firm. The acquisition includes all of Triumph's natural gas marketing agreements to serve industrial customers in Indiana, Wisconsin,
Gas industry
EnergyNorth, the parent holding company of EnergyNorth Natural Gas, Inc. and EnergyNorth Propane, Inc., reported a decline in earnings for the second fiscal quarter ended March 31, 1995. Earnings for the quarter were $5,904,000, down from $7,283,000 in the same quarter last year. The decline can
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
Electric utilities
UtiliCorp United, a utility company based in Kansas City, Missouri, announced its earnings for the first quarter of 1995. According to the company's statement, earnings available for common shares were $31.7 million, down from $37.4 million in the same quarter of 1994. The decline was attributed
Public utilities
SCANA Corporation's first quarter earnings have declined by 10 cents per share compared to the same period last year, primarily due to lower natural gas prices. The well-head price of natural gas averaged $1.45 per dekatherm in the first quarter of 1995, down from $2.21 per
