J.M. Voith AG and Siemens AG plan to merge their hydro power activities into a joint venture, Voith Siemens Hydro. Voith will hold 65 percent and Siemens 35 percent of the new company.
Siebel Systems Inc., a leading supplier of web-based, front-office software systems, announced that APS Energy Services and Compaq Computer chose Siebel Marketing Enterprise as their marketing automation software. The solution will help APS Energy and Compaq analyze and segment customer and market information to create unique, targeted campaigns and promotions.
Niagara Mohawk Power Corp., subsidiary of Niagara Mohawk Holdings Inc., closed the sale of its 71 hydroelectric generating plants (661 MW total) to Orion Power Holdings Inc. for $425 million. Orion is jointly owned by affiliates of Goldman, Sachs & Co. and Constellation Energy Group.
DukeSolutions will undertake building and energy initiatives at the Toronto Dominion Center, Canada`s largest office complex (4.5 million square feet), as part of a $19 million contract. DukeSolutions now serves four of the five largest commercial property owners in Canada.
CES/Way International, the energy efficiency contracting subsidiary of Sempra Energy, is changing its name to Sempra Energy Services.
Florida Power & Light Co. (FPL) has added another safety product to their existing rigid safety standards. It has instituted a requirement for an electrical blast suppression blanket for use in medium-voltage underground chambers. One of their selections was the EXPLO-SAFE blast suppression blanket that is now in active use at FPL and several other utilities in the United States and Canada.
Hoping to prevent price gouging, ISO New England retroactively cut prices for some electricity sold to it during a two-day heat wave in June-a move that steamed many traders.
Commonwealth Energy contracted with Santa Monica to provide the city with green power (peak load totals 5 MW). Santa Monica is the first U.S. city to purchase 100 percent renewable energy for its own facilities. Calpine`s geothermal plants will supply the power through May 2000; then Cal Energy`s Salton Sea plant will be brought on line to serve the load.
American Electric Power Service Corp.`s board of directors elected Charles D. Weaver vice president of fossil and hydro production; Richard A. Mueller vice president of internal audits; Harry E. Vick vice president of corporate services; and Elizabeth M. Smith vice president of AEP Institute. John R. Jones was named senior vice president of generation projects. Elizabeth M. Smith was appointed AEP vice president and director of the AEP Institute.
Utilities are increasingly creating for themselves key roles in the telecommunications revolution. Many are beginning to invest heavily in various areas of the industry, and in some cases, providing service themselves. The goals, either directly or through alliances, are to obtain new sources of revenue, improve relationships with customers and gain increased efficiencies.