Partnerships, Mergers and Alliances
Philadelphia Suburban Water Co. (PSW) has purchased the water system assets of the Hatboro Borough Authority, which serves 13,000 residents in Hatboro and Upper Moreland Township, for $10.5 million. PSW has more than $700,000 of capital improvements planned for the Hatboro system in 1997, including interconnections through which surface water can be introduced. The Hatboro system will also be connected to PSW`s SCADA system.
Honeywell and two LG&E Energy Corp. affiliates have formed a marketing alliance to expand Honeywell`s performance contracting offering for building control customers. Under the agreement, LG&E Energy`s natural gas subsidiary, LG&E Natural Inc., will team with Honeywell to provide customers with an alternative way to purchase natural gas at competitive rates. The alliance will also enable Honeywell to offer its customers competitive electricity pricing and marketing from LG&E Energy`s power marketing subsidiary, LG&E Power Marketing.
American Electric Power (AEP) has formed a new subsidiary called AEP Communications Inc. The new nonregulated company will offer services to new wireless personal communications services (PCS) license holders for the establishment and maintenance of their PCS networks. These services may include location and construction of antenna facilities, as well as management of PCS sites. AEP Communications may also participate in the development of fiber-optic systems for use in providing utility communications services and energy management services to customers.
Itron will work with IBM`s Utility and Energy Services Industry to jointly develop and market network solutions in support of customer services such as AMR, premise automation, home security, and other regulated and non-regulated services. In support of this agreement, IBM Global Services is integrating Itron`s AMR fixed network with both back office applications and intelligent premise solutions at the IBM Utility Industry Applied Technology Lab located in Dallas, Texas.