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To be recognized as a model safe and reliable utility operation at the national level is an honor, said Glenn Steiger, GWP general manager.
– Electronic alert: utility, operation, use, recommendations for improvement (open).
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"CH Energy Group's regulated utility operations in New York State are similar to our regulated utility operations in Canada," the Fortis chief executive, H. Stanley Marshall, said in a statement.
Citizens' electric utility operations now serve a total of 119,000 customers in Arizona, Hawaii and Vermont.
"The uncertainty is what kills you," Jerry Meek, utility operations manager at Roche Pharmaceuticals in Palo Alto, said.
Only once has Roche lost power, said Mr. Meek, the company's utility operations manager.
The company said improvement in the regional economy was expected to increase sales at its utility operations.
A number of other major utility companies have spinoffs or trading and generation units that now earn nearly as much as, or more than, their core utility operations.
In October 1999, Citizens sold its water and waste-water operations for $835 million, and in February of this year it sold its electric utility operations for $535 million.
The company said that the separation strategy would continue and that it had retained Salomon Smith Barney and Chase Securities to explore strategic alternatives for the electric utility operations.
The strategy is designed to reduce the individual utility, operations and maintenance charges that increase the cost of energy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com