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Mr. Guiles is chairman and chief executive of Sempra's utilities division, not chief executive of the parent company.
The Energy and Utilities division offers engineering and technical services, trading services, power, ports and logistics, and water management.
The Utilities division transports and distributes natural gas and electricity in Alberta and Northern Canada through ATCO Pipelines, ATCO Gas, ATCO Gas Australia, ATCO Electric, Northland Utilities and Yukon Electrical Co.
It is also why Berkshire Hathaway's utilities division has proposed [19] doubling its investment in renewable energy.
Similar(54)
The 15.6% stake in the utility division that Vivendi is selling is expected to raise about 1.7 billion euros ($1.65 billion).
Cold, windy days are seen as opportunities for extra profit, for example, because frigid and blustery weather allows more power to flow through lines than their technical rating allows, said James L. Dushaw, the utility-division director of the International Brotherhood of Electrical Workers.
Some Vivendi units must be divested not only to raise money but to bring the company's mix of media and utility divisions into some kind of harmony.
Rover's sport utility vehicle division is expected to be purchased by Ford Motor Company.
BMW said the collapse did not affect its $3 billion sale of Rover's sport utility vehicle division to Ford.
BMW also said it would sell Rover's profitable Land Rover sport utility vehicle division to the Ford Motor Company for $2.9 billion.
BMW of Germany agreed to sell Rover's profitable Land Rover sport utility vehicle division to Ford.
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