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New logo illuminates Earth-friendly electricity

Article Abstract:

PP&L's new logo exemplifies an Earth-friendly electricity concept. PP&L's new logo, which has a sunburst for its Energy Plus brand, is part of the recently launched Green-e logo, which was unveiled by a coalition of environmental organizations to discourage electric providers from issuing misleading claims regarding their power sources. Energy providers that meet the Green-e standard are allowed to use the logo in their advertising. Jan Hamrin, executive director for Resource Solutions, which developed the certification program, stated that the Green-e logo gives clients the confidence of knowing that their electricity protects their health.

Comment:

Its new logo exemplifies an Earth-friendly electricity concept

Author: Heidorn, Rich, Jr.
Publisher: Philadelphia Newspapers, Inc.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
Marketing procedures, Public affairs, PP and L Resources Inc.

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Midwest price surge boosts Peco

Article Abstract:

Peco Energy has posted a 25% increase in its second-quarter earnings in 1998, due to increasing power prices in the Midwest. The company's net income for the quarter reached $148 million on revenue of $12 billion. Meanwhile, Power Team, Peco's national wholesale power marketer, also increased sales to other utilities by one-third in the second quarter to 8.1 million megawatt hours, compared with 6.1 million in the same quarter in 1997. The Midwest price surge was caused by the temperature in the 90s, shutdowns of several generating plants and default by two power marketers.

Comment:

Has posted a 25% increase in its second-quarter earnings in 1998, due to increasing power prices in the Midwest

Author: Heidorn, Rich, Jr.
Publisher: Philadelphia Newspapers, Inc.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
Sales, profits & dividends, PECO Energy Co.

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AlliedSignal makes bid to buy AMP

Article Abstract:

AlliedSignal Inc. declared an all-cash hostile takeover offer of $9.8 billion for the 220 million outstanding shares of AMP Inc., headquartered in Harrisburg, PA. The maker of aerospace and automotive equipment made a $44.50-per-share unsolicited offer after its friendly buyout bid was rejected by AMP officials. AMP is the largest manufacturer of computer connectors and related electrical devices in the world. AlliedSignal chairman and CEO Larry Bossidy said the company will initiate a proxy fight in five business days if officials of AMP decline to enter negotiations.

Comment:

Makes an all-cash hostile takeover offer of $9.8 billion for the 220 million outstanding shares of AMP

Author: Heidorn, Rich, Jr.
Publisher: Philadelphia Newspapers, Inc.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
Diversified Companies, Asset sales & divestitures, Acquisitions & mergers, New Jersey, Other Electrical Equipment and Component Manufacturing, Electronic Components, AlliedSignal Inc., AMP Inc.

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Subjects list: Electric power generation, Pennsylvania, Article
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