Energy East Corporation reduced its carbon footprint by 50% since 2000 through various sustainability initiatives. It is working to reduce climate-warming emissions from fossil fuels while safely and reliably meeting energy needs. Efforts include promoting cleaner burning fuels, renewable energy sources, customer conservation programs, and investing over $1 billion to improve transmission systems and access renewable resources. Local utilities under Energy East are also undertaking various projects to reduce emissions and energy usage.
Summerland Community Global Warming Plan of ActionFiona9864
This document is Summerland's Community Climate Action Plan. It acknowledges that climate change poses challenges and outlines Summerland's goals to reduce greenhouse gas emissions to meet provincial targets. A 2007 baseline inventory found Summerland emitted 77,081 tonnes of CO2e primarily from transportation, buildings and solid waste. The plan establishes 4 goals: 1) minimize urban sprawl through compact development, 2) improve energy efficiency, 3) transition to renewable energy, and 4) support effective emissions reduction initiatives through actions like promoting recycling and renewable energy.
Energy Development Corporation, a renewable energy company in the Philippines and operator of the world's largest vertically integrated geothermal project discusses best practice in sustainability reporting at the 2nd National Conference on Sustainability and Reporting held on Nov. 29, 2012 at the University of Asia and the Pacific.
Renewable and low carbon energy capacity study for the East of Englandcrifcambs
This document provides a summary of a study on renewable and low carbon energy capacity in the East of England region. The study aimed to assess the region's potential to contribute to national renewable energy targets and identify opportunities at the local level. Key findings included that the total estimated energy resource potential is 260% of predicted 2020 demand, but realistic potential is estimated at around 10% after accounting for constraints. Opportunity maps were produced to identify priority areas for different renewable technologies like onshore wind and energy from waste. Next steps discussed disseminating the results to local authorities and exploring project feasibility and delivery through local workshops and engagement.
A presentation on the development of geothermal energy use in the Philippines. Presented as part of the Ring of Fire programme jointly implemented by EDC and WWF Philippines
1. The document discusses biomass energy resources and technologies in China. It finds that biomass currently accounts for about 13% of China's primary energy, and 22% in rural areas.
2. It identifies the main biomass resources as agricultural and forestry residues, animal manure from large-scale livestock farms, and municipal solid waste. It estimates that in 1998, China generated over 800 million tonnes of agricultural and forestry residues alone, equivalent to over 12,000 PJ of energy.
3. However, most biomass is currently used inefficiently through direct combustion, resulting in indoor air pollution, health impacts, and loss of time collecting fuels. The document argues modern biomass technologies could
2012 Critical Issues Summit Energy Panel, Part ISFMI
This document provides an overview of energy management best practices for K-12 schools. It discusses the importance and financial benefits of energy management, outlines key elements of an effective energy policy including tracking utility usage and benchmarking performance. It also describes a staged approach to implementing energy conservation measures, starting with low-cost operations and maintenance strategies, then behavioral changes, lighting upgrades, control optimizations, equipment retrofits, and finally utilizing energy performance contracting to fund larger projects. The presenter emphasizes the importance of an ongoing energy management program and provides contact information for further resources.
The document discusses benchmarking energy efficiency projects in K-12 schools. It provides an overview of case studies of energy efficiency projects in several schools, describing the challenges each school faced and the energy conservation measures implemented, including upgrades to lighting, HVAC systems, controls, and renewable energy sources. It discusses the importance of tracking metrics to measure performance and identify best practices.
The convergence of high energy prices,
global warming potential, general environmental
pollution, home-grown energy imperatives,
and green energy possibilities has
created opportunities that far-sighted companies
can capture and the public expects.
Summerland Community Global Warming Plan of ActionFiona9864
This document is Summerland's Community Climate Action Plan. It acknowledges that climate change poses challenges and outlines Summerland's goals to reduce greenhouse gas emissions to meet provincial targets. A 2007 baseline inventory found Summerland emitted 77,081 tonnes of CO2e primarily from transportation, buildings and solid waste. The plan establishes 4 goals: 1) minimize urban sprawl through compact development, 2) improve energy efficiency, 3) transition to renewable energy, and 4) support effective emissions reduction initiatives through actions like promoting recycling and renewable energy.
Energy Development Corporation, a renewable energy company in the Philippines and operator of the world's largest vertically integrated geothermal project discusses best practice in sustainability reporting at the 2nd National Conference on Sustainability and Reporting held on Nov. 29, 2012 at the University of Asia and the Pacific.
Renewable and low carbon energy capacity study for the East of Englandcrifcambs
This document provides a summary of a study on renewable and low carbon energy capacity in the East of England region. The study aimed to assess the region's potential to contribute to national renewable energy targets and identify opportunities at the local level. Key findings included that the total estimated energy resource potential is 260% of predicted 2020 demand, but realistic potential is estimated at around 10% after accounting for constraints. Opportunity maps were produced to identify priority areas for different renewable technologies like onshore wind and energy from waste. Next steps discussed disseminating the results to local authorities and exploring project feasibility and delivery through local workshops and engagement.
A presentation on the development of geothermal energy use in the Philippines. Presented as part of the Ring of Fire programme jointly implemented by EDC and WWF Philippines
1. The document discusses biomass energy resources and technologies in China. It finds that biomass currently accounts for about 13% of China's primary energy, and 22% in rural areas.
2. It identifies the main biomass resources as agricultural and forestry residues, animal manure from large-scale livestock farms, and municipal solid waste. It estimates that in 1998, China generated over 800 million tonnes of agricultural and forestry residues alone, equivalent to over 12,000 PJ of energy.
3. However, most biomass is currently used inefficiently through direct combustion, resulting in indoor air pollution, health impacts, and loss of time collecting fuels. The document argues modern biomass technologies could
2012 Critical Issues Summit Energy Panel, Part ISFMI
This document provides an overview of energy management best practices for K-12 schools. It discusses the importance and financial benefits of energy management, outlines key elements of an effective energy policy including tracking utility usage and benchmarking performance. It also describes a staged approach to implementing energy conservation measures, starting with low-cost operations and maintenance strategies, then behavioral changes, lighting upgrades, control optimizations, equipment retrofits, and finally utilizing energy performance contracting to fund larger projects. The presenter emphasizes the importance of an ongoing energy management program and provides contact information for further resources.
The document discusses benchmarking energy efficiency projects in K-12 schools. It provides an overview of case studies of energy efficiency projects in several schools, describing the challenges each school faced and the energy conservation measures implemented, including upgrades to lighting, HVAC systems, controls, and renewable energy sources. It discusses the importance of tracking metrics to measure performance and identify best practices.
The convergence of high energy prices,
global warming potential, general environmental
pollution, home-grown energy imperatives,
and green energy possibilities has
created opportunities that far-sighted companies
can capture and the public expects.
Waste Management is developing renewable energy from waste to meet increasing demand for sustainable energy alternatives. They operate landfill gas projects that provide a reliable source of energy for utilities. One project powers 4,000 homes daily. They also operate waste-to-energy plants that burn trash to generate electricity, such as one plant in Florida that produces enough energy for 35,000 homes. Waste Management is responding to concerns about energy security, sustainability and the environment through waste-based renewable energy projects.
Presentation made for the students of BA History, University of the Philippines. Discusses the interplay of economics, energy use and environmental impact shaped the development of geothermal energy use in the country.
The document summarizes the strategic energy resources within the Western Energy Corridor and how unlocking these resources could establish a foundation for regional energy and economic development. It outlines that the corridor contains a unique base of carbon, hydrogen, and primary energy sources that could be used to create fuels, electricity, and other products. It also discusses how establishing hybrid energy systems at multiple scales integrating different energy sources could help drive down carbon footprints while leveraging existing energy distribution systems and creating jobs.
Jari Niemelä's presentation at the Metso and WWF's Bioenergy seminar in Helsinki on May 15, 2012
The first couple of slides are in Finnish, the rest is in English.
The Green Deal - an innovative energy efficient delivery structure for UK homesGrant Thornton
The Green Deal is an innovative framework designed to increase energy efficiency in UK homes at no upfront cost to occupants. Key mechanisms include the Golden Rule, which requires estimated energy savings to exceed costs, and the Energy Company Obligation (ECO) which provides subsidies. Birmingham City Council plans to improve energy efficiency in around 15,000 properties with £100 million in investment over three years through the Green Deal.
Slide presentation from the AIA National conference May 2010 on the environmental impacts of peak energy use and mitigation strategies in building energy use.
SRP (Salt River Project) is a public utility providing electricity and water to parts of Arizona. The document discusses SRP's sustainability initiatives including their renewable energy portfolio, energy efficiency programs, and EarthWise customer programs. SRP gets 47% of its energy from coal, 32% from natural gas, and 15% from nuclear, with the goal of obtaining 15% from sustainable sources by 2025 including solar, wind, hydroelectric, biomass and more. SRP implements various rebate programs to promote customer energy efficiency and use of renewable energy.
Sustainable refurbishment at scale - By Stephen Passmore, Energy Saving TrustsustainableCoRE
This document discusses strategies for achieving wide-scale sustainable refurbishment of homes in the UK. It notes that home energy use accounts for over a quarter of UK carbon emissions and targets have been set to cut carbon emissions from homes by 29% by 2020 and 80% by 2050. To achieve these targets, all homes will need to reach a high energy performance rating. The document then outlines approaches to housing retrofit including whole-house projects and area-based approaches. It also describes the mission and aims of the National Refurbishment Centre partnership to support green refurbishment through demonstration projects.
Energy and the Sustainable Development AgendaGlobal Utmaning
The document discusses sustainable development goals for energy access, efficiency, and low carbon energy supply for a post-2015 agenda. It proposes goals for increasing renewable energy shares, reducing costs of low carbon technologies, boosting annual investments in energy access, and improving efficiency in buildings and economic sectors. The goals would contribute to outcomes like behavioral changes and investments, and ultimately impact sustainable development through economic, environmental and social changes.
Pulse Energy Webinar - Strategies for Reducing Energy Use on CampusPulse Energy
Are you charged with reducing energy consumption and greenhouse gases on your campus? View this webinar to learn how two top universities are meeting this challenge by reducing building energy use.
This webinar featured Jerome Conraud, McGill's Energy Manager, Utilities & Energy Management, and John Metras, University of British Columbia's Managing Director of Infrastructure Development and their presentation of:
* UBC's ECOTrek project and the keys to its success in reducing energy consumption across the campus by 23%
* McGill's plans for reducing campus energy use by 12%
* The role of building energy management software in communicating energy conservation to internal and external stakeholders
1) Since 2008, local and regional green growth policies have been a pillar of Korea's national development strategy to promote low carbon green growth.
2) Each of Korea's 16 provinces and metropolitan cities have established 5-year local action plans for green growth aligned with the national strategy.
3) This study summarizes and discusses the key policies and initiatives from the 2010 annual plans of Korea's 16 provinces to pursue local and regional green growth.
This document summarizes an interactive qualifying project to designate the Town of Charlton, Massachusetts as a Green Community under the state's 2008 Green Communities Act. It provides background on the Act's criteria and benefits. An action plan and timeline are presented to conduct energy audits, adopt an energy reduction plan and stretch code, and complete other requirements to receive Green Community status and access grant funding by July. Challenges in gaining community support are also discussed.
2008 annual report for Timminco Limited. Timminco (TSX: TIM) is a leader in the production of low cost solar grade silicon for the rapidly growing solar photovoltaic energy industry.
There are three main reasons why more businesses do not pursue sustainability according to the document:
1) Businesses do not pay the full costs of pollution, so there is no financial incentive to reduce emissions. A price on carbon is needed to internalize these externalities.
2) Access to capital for investments in sustainability projects can be limited.
3) Lack of information, skills, and understanding of the opportunities also prevents more widespread adoption of sustainability practices.
This document provides information on biomass cofiring in coal-fired boilers at federal facilities. It discusses how biomass cofiring can (1) reduce operating costs by substituting a portion of coal with lower-cost biomass fuels, (2) increase the use of renewable energy sources, and (3) enhance energy security. Key points include that biomass cofiring is most economically attractive when facilities have existing coal boilers and access to steady, low-cost biomass supplies, and that several federal sites have demonstrated biomass cofiring can lower costs with minimal modifications to boilers and fuel handling systems.
Presentation introducing the Community Pathway event on the 18th October and providing an introduction to the CRIF project, as presented by Sheryl French.
1) Symantec reported revenue growth of 16% year-over-year and 7% quarter-over-quarter for its fiscal first quarter of 2009. Non-GAAP earnings per share grew 38% year-over-year and 11% quarter-over-quarter.
2) By segment, Security & Compliance revenue grew 12% year-over-year and 5% quarter-over-quarter, while Storage and Server Management grew 20% and 9% respectively.
3) Internationally, revenue grew 19% year-over-year and 7% quarter-over-quarter, while in the US revenue grew 13% and 7% respectively.
This document is Symantec Corporation's quarterly report filed with the SEC for the quarter ending January 2, 2009. It includes Symantec's condensed consolidated financial statements, including the balance sheet, statement of operations, and statement of cash flows. It also provides management's discussion and analysis of the company's financial condition and operating results for the quarter.
The document is Symantec Corporation's 1999 annual report. It discusses how the growing connectivity of the digital world through technologies like the Internet is creating new opportunities for security and management software providers. The report outlines Symantec's strategy to capitalize on these opportunities by refocusing on security solutions, strengthening its enterprise offerings, better understanding customers' needs, and leveraging the Internet in its own business operations. It aims to help customers thrive in the complex digital environment through safe, secure, and simple computing.
Waste Management is developing renewable energy from waste to meet increasing demand for sustainable energy alternatives. They operate landfill gas projects that provide a reliable source of energy for utilities. One project powers 4,000 homes daily. They also operate waste-to-energy plants that burn trash to generate electricity, such as one plant in Florida that produces enough energy for 35,000 homes. Waste Management is responding to concerns about energy security, sustainability and the environment through waste-based renewable energy projects.
Presentation made for the students of BA History, University of the Philippines. Discusses the interplay of economics, energy use and environmental impact shaped the development of geothermal energy use in the country.
The document summarizes the strategic energy resources within the Western Energy Corridor and how unlocking these resources could establish a foundation for regional energy and economic development. It outlines that the corridor contains a unique base of carbon, hydrogen, and primary energy sources that could be used to create fuels, electricity, and other products. It also discusses how establishing hybrid energy systems at multiple scales integrating different energy sources could help drive down carbon footprints while leveraging existing energy distribution systems and creating jobs.
Jari Niemelä's presentation at the Metso and WWF's Bioenergy seminar in Helsinki on May 15, 2012
The first couple of slides are in Finnish, the rest is in English.
The Green Deal - an innovative energy efficient delivery structure for UK homesGrant Thornton
The Green Deal is an innovative framework designed to increase energy efficiency in UK homes at no upfront cost to occupants. Key mechanisms include the Golden Rule, which requires estimated energy savings to exceed costs, and the Energy Company Obligation (ECO) which provides subsidies. Birmingham City Council plans to improve energy efficiency in around 15,000 properties with £100 million in investment over three years through the Green Deal.
Slide presentation from the AIA National conference May 2010 on the environmental impacts of peak energy use and mitigation strategies in building energy use.
SRP (Salt River Project) is a public utility providing electricity and water to parts of Arizona. The document discusses SRP's sustainability initiatives including their renewable energy portfolio, energy efficiency programs, and EarthWise customer programs. SRP gets 47% of its energy from coal, 32% from natural gas, and 15% from nuclear, with the goal of obtaining 15% from sustainable sources by 2025 including solar, wind, hydroelectric, biomass and more. SRP implements various rebate programs to promote customer energy efficiency and use of renewable energy.
Sustainable refurbishment at scale - By Stephen Passmore, Energy Saving TrustsustainableCoRE
This document discusses strategies for achieving wide-scale sustainable refurbishment of homes in the UK. It notes that home energy use accounts for over a quarter of UK carbon emissions and targets have been set to cut carbon emissions from homes by 29% by 2020 and 80% by 2050. To achieve these targets, all homes will need to reach a high energy performance rating. The document then outlines approaches to housing retrofit including whole-house projects and area-based approaches. It also describes the mission and aims of the National Refurbishment Centre partnership to support green refurbishment through demonstration projects.
Energy and the Sustainable Development AgendaGlobal Utmaning
The document discusses sustainable development goals for energy access, efficiency, and low carbon energy supply for a post-2015 agenda. It proposes goals for increasing renewable energy shares, reducing costs of low carbon technologies, boosting annual investments in energy access, and improving efficiency in buildings and economic sectors. The goals would contribute to outcomes like behavioral changes and investments, and ultimately impact sustainable development through economic, environmental and social changes.
Pulse Energy Webinar - Strategies for Reducing Energy Use on CampusPulse Energy
Are you charged with reducing energy consumption and greenhouse gases on your campus? View this webinar to learn how two top universities are meeting this challenge by reducing building energy use.
This webinar featured Jerome Conraud, McGill's Energy Manager, Utilities & Energy Management, and John Metras, University of British Columbia's Managing Director of Infrastructure Development and their presentation of:
* UBC's ECOTrek project and the keys to its success in reducing energy consumption across the campus by 23%
* McGill's plans for reducing campus energy use by 12%
* The role of building energy management software in communicating energy conservation to internal and external stakeholders
1) Since 2008, local and regional green growth policies have been a pillar of Korea's national development strategy to promote low carbon green growth.
2) Each of Korea's 16 provinces and metropolitan cities have established 5-year local action plans for green growth aligned with the national strategy.
3) This study summarizes and discusses the key policies and initiatives from the 2010 annual plans of Korea's 16 provinces to pursue local and regional green growth.
This document summarizes an interactive qualifying project to designate the Town of Charlton, Massachusetts as a Green Community under the state's 2008 Green Communities Act. It provides background on the Act's criteria and benefits. An action plan and timeline are presented to conduct energy audits, adopt an energy reduction plan and stretch code, and complete other requirements to receive Green Community status and access grant funding by July. Challenges in gaining community support are also discussed.
2008 annual report for Timminco Limited. Timminco (TSX: TIM) is a leader in the production of low cost solar grade silicon for the rapidly growing solar photovoltaic energy industry.
There are three main reasons why more businesses do not pursue sustainability according to the document:
1) Businesses do not pay the full costs of pollution, so there is no financial incentive to reduce emissions. A price on carbon is needed to internalize these externalities.
2) Access to capital for investments in sustainability projects can be limited.
3) Lack of information, skills, and understanding of the opportunities also prevents more widespread adoption of sustainability practices.
This document provides information on biomass cofiring in coal-fired boilers at federal facilities. It discusses how biomass cofiring can (1) reduce operating costs by substituting a portion of coal with lower-cost biomass fuels, (2) increase the use of renewable energy sources, and (3) enhance energy security. Key points include that biomass cofiring is most economically attractive when facilities have existing coal boilers and access to steady, low-cost biomass supplies, and that several federal sites have demonstrated biomass cofiring can lower costs with minimal modifications to boilers and fuel handling systems.
Presentation introducing the Community Pathway event on the 18th October and providing an introduction to the CRIF project, as presented by Sheryl French.
1) Symantec reported revenue growth of 16% year-over-year and 7% quarter-over-quarter for its fiscal first quarter of 2009. Non-GAAP earnings per share grew 38% year-over-year and 11% quarter-over-quarter.
2) By segment, Security & Compliance revenue grew 12% year-over-year and 5% quarter-over-quarter, while Storage and Server Management grew 20% and 9% respectively.
3) Internationally, revenue grew 19% year-over-year and 7% quarter-over-quarter, while in the US revenue grew 13% and 7% respectively.
This document is Symantec Corporation's quarterly report filed with the SEC for the quarter ending January 2, 2009. It includes Symantec's condensed consolidated financial statements, including the balance sheet, statement of operations, and statement of cash flows. It also provides management's discussion and analysis of the company's financial condition and operating results for the quarter.
The document is Symantec Corporation's 1999 annual report. It discusses how the growing connectivity of the digital world through technologies like the Internet is creating new opportunities for security and management software providers. The report outlines Symantec's strategy to capitalize on these opportunities by refocusing on security solutions, strengthening its enterprise offerings, better understanding customers' needs, and leveraging the Internet in its own business operations. It aims to help customers thrive in the complex digital environment through safe, secure, and simple computing.
(1) Symantec reported financial results for its third quarter of fiscal year 2008, including revenue, earnings, expenses, cash flows, and other metrics. Total non-GAAP revenue increased 15% year-over-year and 6% quarter-over-quarter.
(2) By segment, the Security & Data Management and Data Center Management segments saw the largest revenue increases both year-over-year and quarter-over-quarter. The recently acquired Altiris segment also experienced significant growth.
(3) Geographically, international revenue experienced the strongest growth at 21% year-over-year, with the EMEA region increasing 26% year-over-year.
This document is Symantec Corporation's annual report (Form 10-K) filed with the SEC for the fiscal year ended March 28, 2008. It provides an overview of Symantec's business operations, financial results, risk factors, and other disclosures. Specifically, the report discusses Symantec's position as a global leader in security, storage, and systems management solutions, its operations in security and storage software markets, and business developments in fiscal 2008 including new product launches, acquisitions, executive changes, and cost structure reductions.
The document is the annual report for Energy East Corporation for the year 2004. It provides the following key information:
- Energy East saw increases in earnings per share and dividends paid to shareholders in 2004 compared to 2003.
- The company realized cost savings from consolidation efforts and improved its corporate governance practices.
- Regulatory agreements for the company's utilities, including multi-year rate plans, were important for providing stable rates and earnings. A new rate agreement for Rochester Gas & Electric was approved in 2004.
- The company continued investing in infrastructure projects while exiting non-core businesses, including the sale of a nuclear power plant. Management focused on efficient operations and regulatory certainty going forward.
The document outlines the policies and procedures of NVR, Inc.'s Nominating Committee for considering board of director candidates. It details that (1) shareholder recommendations for candidates will be considered if they own at least 5% of shares, (2) candidates are evaluated based on qualifications like independence and skills relevant to the company, and (3) shareholder nominations require extensive documentation be received by a deadline, including information about the candidate and consent for a background check.
This document is a notice for Symantec Corporation's 2006 Annual Meeting of Stockholders. It informs stockholders that the meeting will be held on September 13, 2006 at the company's headquarters in Cupertino, California. The agenda includes electing directors, amending the company's 2004 Equity Incentive Plan, and ratifying the selection of KPMG LLP as the company's independent registered public accounting firm. Stockholders are invited to attend the meeting and can vote by proxy if unable to attend.
This document is Symantec Corporation's Form 10-Q quarterly report filed with the SEC for the quarterly period ended January 2, 2009. It includes Symantec's condensed consolidated financial statements, management's discussion and analysis of financial condition and results of operations, quantitative and qualitative disclosures about market risk, and controls and procedures. The financial statements show Symantec's assets, liabilities, and stockholders' equity as of January 2, 2009 and March 28, 2008.
Energy East Corporation announced its third quarter 2007 financial results, reporting earnings per share of $0.16, up from $0.14 in third quarter 2006. For the 12 months ended September 30, 2007, earnings per share were $1.68, unchanged from the prior year. Key factors influencing the quarterly results included a decline in electric margins, lower income taxes which increased earnings, and reduced interest costs due to debt refinancing. The company also discussed an upcoming shareholder vote on a proposed merger with Iberdrola and an increase to its common stock dividend.
(1) Symantec reported year-over-year revenue growth of 16% and earnings per share growth of 38% in its fiscal first quarter of 2009. Revenue increased 7% compared to the previous quarter.
(2) By segment, Security and Compliance revenue grew 12% year-over-year while Storage and Server Management revenue increased 20% year-over-year.
(3) Internationally, revenue increased 19% year-over-year while US revenue rose 13% year-over-year.
- Symantec held an earnings call to discuss its fiscal first quarter 2009 results. The call was led by John Thompson, Chairman and CEO, Enrique Salem, COO, and James Beer, CFO.
- The company reported strong revenue and earnings growth in the quarter driven by solid performance across all geographies and business segments. International and North America revenue both grew double digits year-over-year.
- Large transaction volumes increased significantly with more large deals including multiple Symantec products, demonstrating the company's success in cross-selling.
- Management is optimistic about the pipeline for the current quarter and believes spending on security and storage will remain strong priorities for IT budgets.
The document summarizes the annual stockholders meeting of Symantec Corporation. John Thompson, the Chairman and CEO, welcomed stockholders and introduced directors and executive staff in attendance. The formal business portion of the meeting proceeded, with five proposals being presented and voted on, including electing directors, approving equity incentive plans, and ratifying auditors. All proposals were approved. Following the formal meeting, Thompson provided an overview of Symantec's corporate strategy, outlining their focus on securing and managing the information-driven world for consumers and enterprises through technologies and services that help users control their environment, ensure security and availability, and meet compliance needs.
Symantec's 2003 annual report summarizes the company's strong financial performance in fiscal year 2003. Revenues grew 31% to $1.4 billion, operating income grew to $342 million, and net income grew to $248 million. The company saw growth across all regions and segments, with the consumer segment growing 52% and accounting for 41% of revenues. Symantec continued investing in its business through acquisitions and investments in sales, marketing, and product development to maintain its leadership position in the internet security market.
Energy East Corporation announced its first quarter 2007 financial results, with earnings per share of $0.90, relatively consistent with earnings of $0.91 per share in the first quarter of 2006. Favorable weather led to increased retail sales and higher margins in both electricity and natural gas delivery businesses. However, electric margins were reduced by $0.15 per share due to a 2006 rate order. Interest costs also declined by $0.04 per share from debt refinancing.
SPX Flow Technology provides equipment and engineered solutions for the global food, beverage, and dairy market. The acquisition of APV increased SPX's sanitary market revenue base to over $1 billion and expanded their global presence, particularly in developing regions like China, Eastern Europe, and South America. SPX offers customers engineered components, skidded systems, and turnkey solutions that can be used throughout beverage and dairy processing and is well positioned to serve the steady growing global sanitary market.
The document discusses waste-to-energy facilities that process municipal solid waste to generate electricity and steam. It notes that these facilities are subject to strict federal emissions standards under the Clean Air Act that make waste-to-energy one of the cleanest sources of electricity. Over 100 waste-to-energy plants nationwide process 30 million tons of trash annually to power 2.4 million homes while reducing greenhouse gas emissions.
This document discusses a voluntary industry initiative to address climate change called the International Power Partnerships Initiative (IPP). The IPP aims to identify international energy projects that produce measurable reductions in greenhouse gas emissions. It provides an opportunity for US industry to maintain leadership in international climate efforts. The document outlines the goals of the IPP and references past successes of related programs in leveraging private investment for climate projects globally. It invites power companies to participate in the sponsoring group for the new IPP initiative.
To deliver power more responsibly and more efficiently, energy and utilities organizations are working toward a smarter energy value chain: (1) Transformation of the grid, (2) Empowerment of consumers, (3) Ensuring cleaner energy supply.
Letter from Electric Power Supply Association 1.10.03Obama White House
The letter from EPSA's president updates the Secretary of Energy on the progress competitive power suppliers have made in reducing greenhouse gas emissions. It discusses how increased competition in wholesale power markets will lead to greater operating efficiencies and use of cleaner generation sources, helping meet national climate goals. The letter urges policies to expand markets and utilize existing efficient generation to its fullest extent.
This document proposes recommendations for General Motors' Fort Wayne Assembly plant to increase its use of renewable energy. It recommends:
1. Installing 14 wind turbines that are 2.5 MW and 100m tall to generate 50% of the plant's energy needs. Based on average wind speeds in the region, this setup could supply half of FWA's electricity.
2. Doubling the landfill gas capacity to achieve the target of 50% on-site power generation. Processing landfill gas into electricity would save $1.7 million annually and have a two-year return on investment.
3. Combining these recommendations could save GM money while further reducing the plant's carbon emissions and solidifying its status
1. The document proposes an integrated energy system for the Isle of Arran to increase energy resilience and reduce carbon emissions. It includes a 3.45MW biomass plant, 10MW wind farm, and ground source heat pumps for public buildings.
2. The biomass plant will be located in the south of the island near vast wood supplies and use 40,000 tonnes of local timber per year. Systems will control emissions and it will have a carbon payback period of less than 4 months.
3. A wind farm of 4 turbines in the southeast will produce an estimated 25.8GWh annually. Ground source heat pumps will replace oil heating in schools and save on fuel costs, paying back in over
Construction IT Research - Climate Change AgendaŽiga Turk
This document discusses the construction industry's role in addressing climate change through information technology research. It presents climate change as one of the key technological challenges and identifies construction as a double winner that can benefit from both climate change adaptations and mitigation policies. The document outlines a research agenda for the construction industry that focuses on improving energy efficiency in existing and new buildings through technologies like building information modeling, intelligent building energy management systems, and design tools that promote passive and zero-emission building standards. It also discusses making building processes and materials more energy efficient. The overarching goal is for the construction industry to contribute significantly to reducing greenhouse gas emissions through technological innovation and information technologies.
The document summarizes a social return on investment (SROI) analysis for Distributed Generation Technologies Inc. (DGT), a company developing distributed power generation products. The analysis monetizes the social and environmental returns of DGT's first municipal product, which converts organic waste into methane fuel. The primary benefits are estimated to be a reduction in gasoline use, methane emissions, and increased municipal income. The SROI estimates $1.21 in social and environmental returns for every $1 invested in DGT over 10 years.
Sdge Cypress Cool Gas Seminar 6 17 09 PkPaul Kuhlman
The document summarizes the environmental, economic and green building benefits of using natural gas for cooling rather than electricity. It discusses how gas cooling can help reduce greenhouse gas emissions by lowering peak energy demand and allowing for a more efficient electric grid. Gas cooling also offers economic savings over electric cooling systems and can help buildings earn more LEED certification points. In conclusion, the document advocates for gas cooling as part of the solution to curbing global warming and developing a sustainable built environment.
1) Xcel Energy is a major utility in Minnesota and a leader in wind and solar energy as well as energy efficiency programs.
2) Natural gas price forecasts have decreased since 2007, keeping natural gas a lower cost fuel option compared to projections.
3) Xcel Energy has transitioned its power supply through retiring old coal plants, retrofitting some coal plants, building new natural gas plants, and increasing its wind and solar capacity. This balanced approach has significantly reduced emissions while maintaining a reliable system.
NNFCC market review bioenergy issue seven october 2012NNFCC
Welcome to the October issue of our bioenergy market review. This month has seen heightened scrutiny of energy bills, in the wake of rising bills and the forthcoming launch of the UK Governments Energy Bill.
An energy management system (EnMS) based on BS EN 16001 provides organizations a framework to reduce costs and improve business performance through more efficient energy use. It establishes procedures to determine energy needs, set policy and objectives, monitor usage, and continually improve energy efficiency. Effective energy management can yield annual savings through 20% reductions in usage, helping comply with legislation while enhancing reputation and competitiveness.
Energy management systems are crucial for businesses to reduce costs, improve competitiveness and demonstrate sustainability. Implementing a system based on the BS EN 16001 standard can enable yearly reductions in energy use through continual improvement. The standard specifies requirements for an energy management system to help organizations determine energy needs, establish policy and objectives, and review energy aspects to attain efficiency goals.
Energy management systems are crucial for businesses to reduce costs, improve competitiveness and demonstrate sustainability. Implementing a system based on the BS EN 16001 standard can enable yearly reductions in energy use through continual improvement. The standard specifies requirements for an energy management system to help organizations determine energy needs, establish policy and objectives, and review energy aspects to attain efficiency goals.
The Athletes Village project achieved significant reductions in carbon emissions through improved building design and construction techniques. Specifically:
1) Building designs focused on energy efficiency, using improved insulation, airtight construction, and heat recovery systems to reduce energy consumption by over 60% on average.
2) Construction methods like on-site soil reuse and rail transport of aggregates reduced embodied carbon in materials.
3) Operational carbon is predicted to be reduced by 83% per apartment compared to typical buildings, avoiding over 13,000 tonnes of CO2 emissions annually through efficient lighting, appliances, and connection to low-carbon power.
The document discusses shifting energy paradigms from 2000 to the present. In 2000, the paradigm shifted to prioritizing reducing electricity use and creating the first statewide energy efficiency utility. By 2015, the focus shifted to maximizing the utility's ability to shift away from fossil fuels and use growing renewable electricity. Currently, the paradigm emphasizes statewide goals and collaboration to measure success through greenhouse gas reductions and maximize existing infrastructure to rapidly reduce emissions and costs.
Climate projects refer to specific initiatives, policies, projects, investments, programs, or activities that are designed to address climate change and its impacts. These projects are typically focused on mitigating greenhouse gas emissions, adapting to the effects of climate change or climate-related challenges.
The document discusses Thermo Scientific's leadership in serving science through analytical instruments, equipment, reagents, software and services. It highlights the company's size and scale, unmatched capabilities, portfolio of leading brands, and mission to make the world healthier, cleaner and safer. Key strengths include global industry leadership, ability to continuously invest in growth opportunities through R&D, and an excellent track record of financial performance. New products are presented for applications such as sample preparation, analysis, and data interpretation.
- Thermo Electron Corporation filed a quarterly report with the SEC for Q1 2006.
- In the report, they disclosed revenues of $684 million for Q1 2006 and net income of $46.9 million.
- They also noted that in May 2005, their Life and Laboratory Sciences segment acquired the Kendro Laboratory Products division of SPX Corporation.
- Thermo Electron Corporation filed a quarterly report with the SEC for Q1 2006.
- In the report, they disclosed revenues of $684 million for Q1 2006 and net income of $46.9 million.
- They also noted that in May 2005, their Life and Laboratory Sciences segment acquired the Kendro Laboratory Products division of SPX Corporation.
This document is Thermo Electron Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended July 1, 2006. It includes Thermo's consolidated balance sheet, income statement, and cash flow statement for the quarter, as well as notes to the financial statements. The financial statements show that for the quarter, Thermo's revenues increased 9% to $713 million, net income decreased 20% to $48 million, and earnings per share from continuing operations decreased 14% to $0.30. Thermo also announced a definitive agreement to merge with Fisher Scientific International in an all-stock transaction expected to close in the fourth quarter of 2006.
- Thermo Electron Corporation filed a Form 10-Q with the SEC for the quarter ended July 1, 2006.
- Thermo announced an agreement to merge with Fisher Scientific International in a stock-for-stock exchange to create Thermo Fisher Scientific.
- The merger is subject to shareholder and regulatory approvals and is expected to close in the fourth quarter of 2006.
This document is Thermo Electron Corporation's quarterly report filed with the SEC for the quarter ended September 30, 2006. It provides condensed financial statements and notes for the periods presented. The financial statements show revenues of $724.9 million for the quarter and income from continuing operations of $48.8 million. Notes include details on the planned merger with Fisher Scientific International and recent acquisitions completed during the periods.
This document is Thermo Electron Corporation's quarterly report filed with the SEC for the quarter ended September 30, 2006. It provides condensed financial statements and notes for the periods presented. The financial statements show that revenues increased from the prior year period but net income decreased due to higher costs and expenses. Thermo also announced a definitive agreement in May 2006 to combine with Fisher Scientific International in an all-stock merger transaction subject to regulatory approvals.
The document is Thermo Fisher Scientific's annual report on Form 10-K for the fiscal year ended December 31, 2006. It provides information on the company's business operations and financial performance. Specifically, it discusses Thermo Fisher's merger with Fisher Scientific to create a global leader in serving science. It also describes the company's two business segments - Analytical Technologies and Laboratory Products and Services - and provides an overview of key product lines within the Analytical Technologies segment, including scientific instruments, biosciences products, and diagnostic and environmental instruments.
The document is Thermo Fisher Scientific's annual report on Form 10-K for the fiscal year ended December 31, 2006. It provides information on the company's business operations and financial performance. Specifically, it discusses Thermo Fisher's merger with Fisher Scientific to create a global leader in serving science. It also describes the company's two business segments - Analytical Technologies and Laboratory Products and Services - and provides an overview of key product lines within the Analytical Technologies segment, including scientific instruments, biosciences products, and diagnostic and environmental instruments.
This document is Thermo Fisher Scientific's quarterly report filed with the SEC for the quarter ended March 31, 2007. It includes Thermo Fisher's consolidated balance sheet, statement of income, and notes on significant events from the quarter. The quarter saw revenues of $2.3 billion, operating income of $192 million, and net income of $139 million. Expenses increased along with revenues from the prior year quarter following Thermo Fisher's merger transactions.
This document is Thermo Fisher Scientific's quarterly report filed with the SEC for the quarter ended March 31, 2007. It includes Thermo Fisher's consolidated balance sheet, statement of income, and statement of cash flows for the quarter, as well as notes to the financial statements. The notes disclose that in the first quarter of 2007, Thermo Fisher acquired two businesses in Switzerland for $24 million and a small manufacturer of electrostatic discharge products for $5 million total. Thermo Fisher also paid $5 million for various acquisition-related costs and adjustments.
- Thermo Fisher Scientific Inc. filed a quarterly report with the SEC for the quarter ended June 30, 2007.
- The company reported revenues of $2.385.9 million for the quarter and income from continuing operations of $187.9 million.
- Thermo Fisher has major operations in scientific instrument manufacturing, life sciences, diagnostics, and laboratory products and services.
This document is Thermo Fisher Scientific's Form 10-Q quarterly report filed with the SEC for the quarter ended June 30, 2007. It provides financial statements and notes including the consolidated balance sheet, statement of income, and statement of cash flows for the quarter, as well as information on acquisitions, accounting policies, and segment information. In the quarter, Thermo Fisher reported revenues of $2.4 billion, net income of $164 million, and earnings per share of $0.39. It also acquired Spectronex AG and Flux AG for $24 million in cash to expand its mass spectrometry offerings.
This document is Thermo Fisher Scientific's quarterly report filed with the SEC for the quarter ended September 29, 2007. It provides financial statements including the consolidated balance sheet, statement of income, and statement of cash flows. Key details include total revenues of $2.4 billion for the quarter, net income of $218.5 million, and cash and cash equivalents increasing to $830.8 million. It also summarizes two acquisitions completed in the first nine months of 2007, expanding analytical technologies offerings.
This document is Thermo Fisher Scientific's quarterly report filed with the SEC for the quarter ended September 29, 2007. It provides Thermo Fisher's consolidated balance sheet and income statement for the periods shown. The balance sheet shows the company had total assets of $21.2 billion, including $8.5 billion in goodwill. Total liabilities were $6.7 billion and shareholders' equity was $14.4 billion. The income statement shows revenues of $2.4 billion for the quarter and net income of $218.5 million.
This document is Thermo Fisher Scientific's annual report on Form 10-K for the fiscal year ended December 31, 2007. It provides information on Thermo Fisher's business, including that it was formed through the merger of Thermo Electron and Fisher Scientific in 2006. Thermo Fisher has two principal brands, Thermo Scientific and Fisher Scientific, that serve over 350,000 customers in various industries through analytical instruments, equipment, consumables and services. The report provides an overview of Thermo Fisher's products and services and its strategy to continuously advance its technologies and services to address customers' emerging needs.
The document is Thermo Fisher Scientific's annual report on Form 10-K for the fiscal year ended December 31, 2007. It provides information on the company's business segments and products. Specifically, it discusses the company's two business segments - Analytical Technologies and Laboratory Products and Services. It provides details on the various product groupings within the Analytical Technologies segment, which serves markets like pharmaceutical, biotechnology, academic, and clinical laboratories.
Thermo Fisher Scientific filed a Form 10-Q with the SEC for the quarter ended March 29, 2008. The filing includes financial statements and notes. The financial statements show that Thermo Fisher's revenues increased to $2.55 billion for the quarter, up from $2.34 billion in the same quarter the previous year. Net income was $233 million compared to $139 million in the prior year. Thermo Fisher also acquired the intellectual property of an immunohistochemistry control slide business during the quarter for $3 million in cash plus potential future payments of up to $2 million.
Thermo Fisher Scientific filed a Form 10-Q with the SEC for the quarter ended March 29, 2008. The filing includes financial statements and notes. The financial statements show that Thermo Fisher's revenues increased to $2.55 billion for the quarter, up from $2.34 billion in the same quarter of the prior year. Net income for the quarter was $233 million compared to $139 million in the prior year. Thermo Fisher also acquired the intellectual property of an immunohistochemistry control slide business during the quarter for $3 million in cash plus potential future payments of up to $2 million.
This document is a quarterly report filed with the SEC by Thermo Fisher Scientific Inc. for the quarter ended September 27, 2008. It includes Thermo Fisher's consolidated balance sheet, statement of income, and statement of cash flows for the periods presented. Some key details:
- Thermo Fisher reported revenues of $2.6 billion for the quarter and $7.9 billion for the nine months ended September 27, 2008.
- Net income was $221.5 million for the quarter and $704 million for the nine months.
- In the first nine months of 2008, Thermo Fisher made several acquisitions for aggregate consideration of $142 million in cash, plus $8 million of assumed debt and up to $19
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The Universal Account Number (UAN) by EPFO centralizes multiple PF accounts, simplifying management for Indian employees. It streamlines PF transfers, withdrawals, and KYC updates, providing transparency and reducing employer dependency. Despite challenges like digital literacy and internet access, UAN is vital for financial empowerment and efficient provident fund management in today's digital age.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
3. Since 2000, we have reduced our carbon footprint by 50%.
FACT: Winter temperatures in the Northeast
have risen at a rate of 1.3° F per decade
In its 2006 Greenhouse
Gas Reduction Report, the
Connecticut Natural Gas and
Environmental Protection
Southern Connecticut Gas
Agency cited 33 projects
have installed highly efficient
of Connecticut Natural Gas
distributed natural gas
and Southern Connecticut Gas
cogeneration equipment at
that resulted in carbon
their operation centers in
savings roughly equivalent
Orange and East Hartford,
since 1970
to planting 50,000 acres of
Connecticut. The new machines
forest or taking 33,000
will produce about half of the
automobiles off the road.
facilities’ power needs.
We plan operating improvements with three key objectives in mind: customer satisfaction, sustainable business practices and environmental security.
In a 2007 survey
by Market Strategies,
Inc., Central Maine
Power received the
second-highest mark
for environmental
stewardship among
13 utilities in the
Northeast.
Reducing demand delays the need to build new power plants.
CLEANER ENERGY SUPPLY. The utility industry’s greatest challenge is to reduce its climate-warming emissions, primarily
from burning fossil fuels, while meeting customers’ energy needs safely and reliably. At Energy East, we are doing that
on the supply side by promoting cleaner-burning fuels and, where possible, opting for renewable sources of energy such
as hydroelectricity and wind.
1
4. Capital investment in renewable energy sources
FACT: Annual greenhouse gas emissions in the
U.S. are expected to rise 35% by 2030
Energy East Service Area
Berkshire Gas customer Williams College of Williamstown, Massachusetts has set an aggressive greenhouse gas reduction goal of 10% below 1990-91 levels
Energy East’s electric operating
utilities have taken aggressive
actions to improve the overall
efficiency of their buildings.
Since 1999 electric usage has
been reduced 17% for a total
reduction in CO2 emissions of
30,000 tons.
Growing with green power
CONSERVATION
N
2
5. Every 100 megawatts
of reduced peak-hour
electricity consumption
through “smart”
metering will save
customers approximately
Our proposed Advanced
$5 million and reduce
Metering Infrastructure
CO2 emissions by more
(smart meters) for Maine
than 500,000 tons,
and New York will enable
equivalent to planting
customers to monitor
21 million trees or
their energy costs more
taking 82,000 cars off
accurately, resulting in
the road.
greater energy conservation.
by 2020. A major step taken during 2007 was switching to natural gas for heating, replacing heating oil traditionally used in the college’s boiler/steam plant.
that the Northeast will experience 20 to 30
FACT: By the end of the century, it is estimated
days each summer that exceed 100 degrees
Advanced Metering Infrastructure
SMARTER DEMAND. On the demand side, we are helping our customers conserve energy, which saves them money, reduces
climate change and delays the need to build new generating capacity. Moving power more efficiently accomplishes the
same goals. In two major infrastructure programs expected to commence in 2009, we will invest more than $1 billion to
improve the reliability of our transmission system in Maine and provide access to renewable generation resources.
3
6. Our local initiatives add up.
In 2007, Connecticut Natural
Gas, Southern Connecticut Gas
and Berkshire Gas signed on to For the past seven
the Environmental Protection years, New York State
Agency’s Natural Gas STAR Electric & Gas has had
program, a commitment to the lowest customer
voluntarily reduce emissions complaint rate of any
of methane, a greenhouse gas combination electric
and primary component of and natural gas utility
natural gas. in New York State.
Sustainable power. Iberdrola is the right partner at the right time. It is the world’s largest wind-energy producer with nearly 8,000 megawatts in
risen to their highest level in 650,000 years
FACT: Atmospheric CO2 concentrations have
Combined, New York State Electric & Gas and Rochester Gas
COMMITMENT
4
7. the atmosphere for more than 100 years
FACT: Heat-trapping emissions remain in
New York State Electric & Gas
and Rochester Gas and Electric
support a wind-energy initiative
that allows customers to make
an environmentally informed
choice with their energy dollars
by purchasing wind-generated
electricity, thereby supporting
sustainable business practices.
In 2007 participation grew
over 50%.
operation and over 40,000 megawatts in its development pipeline. Iberdrola was named by Global 100 as one of its “100 Most Sustainable Corporations.”
Connecticut Natural Gas recently
began using a new process for
filtering debris from pipeline
liquids that have infiltrated the
underground system. The fluids
are collected and tested after
filtration to ensure that any
contamination has been
removed before the water is
released into the environment.
and Electric are the third-largest generator of hydroelectric power in New York State.
THINK GLOBALLY. ACT LOCALLY. We believe that the essential commitments underlying the utility business – safety, reliability
and environmental stewardship – are stronger the closer you are to the customer. For that reason, Energy East has
encouraged the regional autonomy of our eight utilities. Their long-established local presence promotes customer
satisfaction and strong business partnerships. The combined strength of all our companies enables us to commit the
investment needed to ensure our infrastructure provides a safe, clean and reliable energy supply for future generations.
5
8. We recognize the need to stay ahead of our customers’ expectations.
bloom about eight days earlier than they did 50
years ago, a consequence of winters that are
FACT: Apple trees throughout the Northeast
three weeks shorter
2007 waste-aversion initiatives: • Remanufactured tires: 37 tons saved • Recycling of scrap materials: 800 tons saved • Refurbished transformers: 90 tons
In 2007 Energy East Energy East has been a leader
purchased 78 Ford Focus in the Environmental Protection
partial-zero emissions Agency’s self-compliance
vehicles and 100 Ford program for sulfur hexafluoride
Escape hybrids that have (SF6) gas losses. SF6 is a nontoxic
the potential to reduce gas used as an insulator in
CO2 by more than 825 high-voltage circuit breakers
tons per year. that has 24,000 times more
climate-warming effect than
CO2 . By installing new primary
breakers that require less SF6
and aggressively avoiding leaks,
we have reduced our SF6 losses
by 80% since 1998.
RESPONSIBLE
6
9. Energy East is now purchasing new
energy-efficient, environmentally-
preferable transformers replacing
approximately 17,000 old,
inefficient models annually. The new
transformers, among the highest
rated on the market, are filled with
plant-based cooling fluid instead of
the petroleum found in older models.
Improved transformer performance
reduces line losses, lowers CO2
emissions, and provides customers
with more electricity per dollar while
deferring the need to add power-
generating capacity.
saved • Remanufactured toner cartridges: 3 tons saved • 30%-recycled-content office paper: 4 tons saved • Wood and paper recycling: 8 tons saved
that in the Northeast only western Maine will
FACT: By the end of the century, it is estimated
have a reliable ski season
Since the late 1990s,
Berkshire Gas has
conducted more than
15,000 energy audits and
provided $1.2 million in
rebates to its customers
for installation of high-
efficiency heating
equipment. CO2 emissions
have been reduced by
more than 16,000 tons.
Customers can make an environmentally informed choice.
MEASURING IMPACT. MINIMIZING WASTE. Energy East practices high standards of environmental stewardship in all the
communities we serve. It is our policy to include environmental impact considerations in all decision-making and to
systematically plan, implement and improve our processes. That includes waste minimization, greener purchasing and
fostering an employee culture where our people have the training and knowledge to support environmental stewardship.
7
10. We are upgrading with the very latest technologies.
Subject to state regulatory
approval, Rochester Gas
and Electric plans to replace
its 1950s-vintage coal-powered
257-megawatt Russell
Station with a state-of-the-
art, 300-megawatt natural
gas combined-cycle
generating station.
Rochester Gas and Electric is scheduled to complete the Rochester Transmission Project in the spring of 2008. Thirty-eight miles of transmission lines will be
storm frequency of the nine regions in the
FACT: The U.S. is home to 5% of the world’s
FACT: Over the past 60 years, New England
has experienced the largest increase in
population and produces 18% of global
greenhouse gas emissions
contiguous U.S
RELIABLE8
11. FACT: Sea levels are projected to rise
1 to 3 feet in the next 100 years
Rochester Gas and Electric is investing more
than $20 million to optimize two hydroelectric
facilities on the Genesee River in Rochester,
increasing total capacity by nine megawatts.
This additional “clean” generation from
renewable sources will avoid nearly 14,000
tons of CO2, 60 tons of SO2, and 20 tons of NOx
that would have been created from burning
conventional fossil fuels.
replaced and substations in the Rochester area will be upgraded to meet growing demand and allow us to shut down the Russell coal-fired generating plant.
Compared to the existing
coal-fired plant, the
planned natural gas-fired
Russell Station will emit
99% less SO2, 97% less
NOx, and 44% less CO2.
The plant is scheduled to
be in operation in 2013.
INVESTING IN THE FUTURE. PARTNERING WITH THE BEST. When utility customers flip a light switch they expect the light to
go on. It will take billions of dollars to ensure that our three million customers have access to reliable power across
a state-of-the art grid from sources that are increasingly more sustainable. This is where Iberdrola will help. One of
the world’s largest and greenest energy companies, it brings the financial strength to make that investment, and the
commitment to sustainability that is the future of energy.
9
12. To our Shareholders:
2007 WAS A BIG YEAR FOR ENERGY EAST. In June, Iberdrola SA, the world’s fourth-largest utility, agreed to acquire our
company in a cash offer that reflects a 27% premium over our stock price prior to announcement. The implications are
many. Most promising is the expertise and financial strength Iberdrola will bring to an industry in need of significant
capital investment. Iberdrola is also strongly committed to sustainability. These are the two most critical challenges
facing us today.
In last year’s annual report, I discussed our plans to invest more than $3 billion for three priorities: carbon reduction
technologies such as high efficiency transformers and advanced metering infrastructure (smart meters), electric
transmission to ensure reliability, and the development of more environmentally responsible sources of energy, including
renewables and other greener generation technologies.
Those initiatives remain on track. However, it became clear to us that our long-term ability to execute those plans would
be greatly enhanced by partnering with a larger and financially stronger utility. This prompted our willingness to speak
with Iberdrola when they approached us in the fall of 2006.
The proposed acquisition by Iberdrola has received widespread support from all constituencies, including consumer
groups, regulators, politicians, employees, and our shareholders. To date, we have received all required federal and
state regulatory approvals, with the exception of approval from New York State. Shareholders offered their overwhelming
endorsement last November. We hope to close the transaction by June 2008.
As we work through the proposed acquisition, our ongoing priorities remain the same: maintain outstanding customer
service and reliability, push forward our infrastructure initiatives and provide attractive returns for shareholders.
IN 2007, WE DID ALL THREE.
Energy East’s utilities continued to receive high marks for their quality service. In an independent study by Market
Strategies, Inc. four of our six utilities received a “best in class” customer satisfaction rating relative to a peer
group of 15 utilities. In a 2007 JD Power small business customer satisfaction study, Energy East ranked third in the
Eastern region.
Infrastructure investments are progressing well. Subject to state regulatory approvals, we expect to begin installation
of smart meters this year in Maine and New York. Two major transmission investments are being reviewed by the
New England Independent System Operator and the Maine Public Utilities Commission, and are expected to begin
licensing and permitting later this year. We expect to commence construction in 2009 and anticipate a total investment
in excess of $1 billion.
10
13. Wes von Schack
Shareholders earned better returns than expected in 2007. Earnings were $1.62 per share, exceeding our internal
estimates and those of Wall Street. The credit goes in large part to our dedicated and capable people who found
efficiencies that helped cushion the effect of a negative rate decision for New York State Electric & Gas that
commenced January 1, 2007. The Board of Directors also increased the annual common stock dividend by four cents
a share in October 2007, the 10th consecutive year-over-year increase.
We have two key goals for 2008. Foremost is to complete the merger with Iberdrola. We will also work very hard to
maintain our excellent customer service with an emphasis on infrastructure investment and sustainability.
Each year in this letter I acknowledge our employees for their dedication. Our people have made Energy East one of
the most respected utilities in the nation. This year, I am especially proud. Acquisitions, while a fact of business life,
can nevertheless be unnerving. Energy East people have not only continued to do their jobs well – as our results
demonstrate – but are positive about the future with Iberdrola.
I would like to recognize two directors, Joseph J. Castiglia and Lois B. DeFleur both of whom retired from the Board
in 2007 after 12 years of outstanding service. Jerry most recently was our lead director and chaired our Compensation
and Management Succession Committee, while Lois chaired our Nominating and Corporate Governance Committee.
We appreciate their wise counsel and leadership, and wish them well in retirement.
On a sad note, Walter G. Rich passed away in August of 2007. Walt served for 10 years on the Board with distinction and
dedication, and was chair of the Corporate Responsibility Committee. He will be truly missed.
Speaking on behalf of the Board of Directors, we are grateful for your faith in the company and your long-standing
support of Energy East.
Wesley W. von Schack
Chairman and Chief Executive Officer
February 28, 2008
11
14. Successfully executing our strategy
Dividends paid per share 1997 – 2007
$1.30
$1.21
$1.20 $1.17
$1.12
$1.10 $1.06
$1.00
$1.00 $0.96
$0.92
$0.88
$0.90
$0.84
$0.78
$0.80
$0.70
$0.70
$0.60
$0.50
97 98 99 00 01 02 03 04 05 06 07
Since 1997 Energy East’s stock has provided a total return of over 300%, easily surpassing the return of both the S&P 500 and the S&P Utility Indices.
Energy East’s ratio of In an independent survey, Energy East’s three
common equity to total Energy East ranks in the top electric utilities were
capital, a measure of 5% of S&P 400 companies among the top utilities
financial strength, for excellence in corporate in the eastern United
improved once again governance. States in business
in 2007 ending the year customer satisfaction,
at 44% up from 34% according to a recent
in 2002. JD Power study.
RESULTS 12
15. Energy East Corporation
Financial Highlights
Operating Results (Thousands) 2007 2006 % Change
Total Operating Revenues $5,178,108 $5,230,665 (1)
Total Operating Expenses $4,563,087 $4,527,173 1
Net Income $251,298 $259,832 (3)
Per Common Share
Earnings, basic $1.62 $1.77 (8)
Dividends Declared $1.21 $1.17 3
Book Value at Year End $20.26 $19.37 5
Price at Year End $27.21 $24.80 10
Other Common Stock Information (Thousands)
Average Common Shares Outstanding, basic 154,801 146,962 5
Common Shares Outstanding at Year End 158,279 147,907 7
Energy Distribution (Thousands)
Megawatt-hours
Retail Deliveries 32,073 31,222 3
Wholesale Deliveries 7,241 9,318 (22)
Dekatherms
Retail Deliveries 198,350 188,211 5
Wholesale Deliveries 1,753 110 NM
Total Assets at Year End (Thousands) $11,878,709 $11,562,401 3
NM – Not Meaningful
Financial Summary Contents
Condensed Consolidated Balance Sheets 14
Condensed Consolidated Statements of Income 16
Condensed Consolidated Statements of Cash Flows 17
Condensed Consolidated Statements of Changes in Common Stock Equity 18
Management’s Annual Report on Internal Control and Required Certifications 19
Report of Independent Registered Public Accounting Firm 19
Selected Financial Data 20
Energy Distribution Statistics 21
Energy East Corporation At-a-Glance 22
Directors and Officers 24
Shareholder Services Inside Back Cover
13
16. Energy East Corporation
Condensed Consolidated Balance Sheets
December 31 (Thousands) 2007 2006
Assets
Current Assets
Cash and cash equivalents $97,066 $93,373
Investments available for sale 177,045 20,000
Accounts receivable and unbilled revenues, net 990,255 914,657
Fuel and natural gas in storage, at average cost 258,172 277,766
Materials and supplies, at average cost 28,722 33,273
Deferred income taxes 38,383 93,187
Derivative assets 23,959 1,327
Prepayments and other current assets 132,991 193,226
Total Current Assets 1,746,593 1,626,809
Utility Plant, at Original Cost
Electric 5,787,362 5,557,858
Natural gas 2,708,612 2,654,426
Common 583,657 550,440
9,079,631 8,762,724
Less accumulated depreciation 3,086,765 2,935,798
Net Utility Plant in Service 5,992,866 5,826,926
Construction work in progress 165,628 121,097
Total Utility Plant 6,158,494 5,948,023
Other Property and Investments 172,993 183,315
Regulatory and Other Assets
Regulatory assets
Nuclear plant obligations 190,367 263,659
Unfunded future income taxes 338,749 256,683
Environmental remediation costs 185,773 128,925
Unamortized loss on debt reacquisitions 48,819 52,724
Nonutility generator termination agreements 64,744 79,241
Natural gas hedges 11,154 47,372
Pension and other postretirement benefits 259,554 351,011
Other 346,079 356,299
Total regulatory assets 1,445,239 1,535,914
Other assets
Goodwill 1,526,048 1,526,048
Prepaid pension benefits 698,432 577,356
Derivative assets 17,450 46,375
Other 113,460 118,561
Total other assets 2,355,390 2,268,340
Total Regulatory and Other Assets 3,800,629 3,804,254
Total Assets $11,878,709 $11,562,401
14
17. Energy East Corporation
Condensed Consolidated Balance Sheets
December 31 (Thousands) 2007 2006
Liabilities
Current Liabilities
Current portion of long-term debt $99,914 $260,768
Notes payable 137,717 109,363
Accounts payable and accrued liabilities 484,963 470,325
Interest accrued 58,681 57,243
Taxes accrued 77,276 44,009
Unfunded future income tax – 19,664
Derivative liabilities 11,491 71,678
Customer refund – 70,770
Other 251,239 209,839
Total Current Liabilities 1,121,281 1,313,659
Regulatory and Other Liabilities
Regulatory liabilities
Accrued removal obligation 892,333 843,273
Deferred income taxes 5,088 105,528
Gain on sale of generation assets 99,514 127,674
Pension benefits 124,300 127,330
Natural gas hedges 1,544 –
Other 165,869 93,268
Total regulatory liabilities 1,288,648 1,297,073
Other liabilities
Deferred income taxes 1,322,738 1,105,117
Nuclear plant obligations 157,376 202,963
Pension and other postretirement benefits 451,642 530,838
Environmental remediation costs 158,629 168,949
Derivative liability 21,318 21,871
Other 248,368 306,283
Total other liabilities 2,360,071 2,336,021
Total Regulatory and Other Liabilities 3,648,719 3,633,094
Long-term debt 3,877,029 3,726,709
Total Liabilities 8,647,029 8,673,462
Commitments and Contingencies
Preferred Stock of Subsidiaries
Redeemable solely at the option of subsidiaries 24,587 24,592
Common Stock Equity
Common stock ($.01 par value, 300,000 shares authorized, 158,279 shares outstanding at
December 31, 2007, and 147,907 shares outstanding at December 31, 2006) 1,583 1,480
Capital in excess of par value 1,752,465 1,505,795
Retained earnings 1,447,889 1,382,461
Accumulated other comprehensive income (loss) 7,609 (23,779)
Treasury stock, at cost (86 shares at December 31, 2007, and 52 shares at December 31, 2006) (2,453) (1,610)
Total Common Stock Equity 3,207,093 2,864,347
Total Liabilities and Stockholders' Equity $11,878,709 $11,562,401
15
18. Energy East Corporation
Condensed Consolidated Statements of Income
Year Ended December 31 (Thousands, except per share amounts) 2007 2006 2005
Operating Revenues
Utility $4,652,783 $4,720,638 $4,753,105
Other 525,325 510,027 545,438
Total Operating Revenues 5,178,108 5,230,665 5,298,543
Operating Expenses
Electricity purchased and fuel used in generation
Utility 1,441,000 1,467,068 1,457,746
Other 363,793 353,402 360,621
Natural gas purchased
Utility 1,116,092 1,079,980 1,161,059
Other 90,418 79,472 107,755
Other operating expenses 842,996 796,350 797,015
Maintenance 175,618 218,499 197,704
Depreciation and amortization 277,490 282,568 277,217
Other taxes 255,680 249,834 246,271
Total Operating Expenses 4,563,087 4,527,173 4,605,388
Operating Income 615,021 703,492 693,155
Other (Income) (38,884) (46,126) (32,904)
Other Deductions 11,483 24,578 8,858
Interest Charges, Net 275,938 308,824 288,897
Preferred Stock Dividends of Subsidiaries 1,128 1,129 1,474
Income Before Income Taxes 365,356 415,087 426,830
Income Taxes 114,058 155,255 169,997
Net Income $251,298 $259,832 $256,833
Earnings per Share, basic $1.62 $1.77 $1.75
Earnings per Share, diluted $1.61 $1.76 $1.74
Average Common Shares Outstanding, basic 154,801 146,962 146,964
Average Common Shares Outstanding, diluted 155,805 147,717 147,474
16
19. Energy East Corporation
Condensed Consolidated Statements of Cash Flows
Year Ended December 31 (Thousands) 2007 2006 2005
Operating Activities
Net income $251,298 $259,832 $256,833
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization 386,850 418,152 382,873
Income taxes and investment tax credits deferred, net 107,443 31,125 69,729
Pension income (47,355) (30,081) (29,967)
Changes in current operating assets and liabilities
Accounts receivable and unbilled revenues, net (164,649) 16,026 (107,308)
Inventory 24,507 1,437 (86,735)
Prepayments and other current assets 61,553 (65,466) (36,373)
Accounts payable and accrued liabilities 25,029 (141,529) 203,392
Taxes accrued 15,002 11,148 1,376
Interest accrued 1,438 10,721 3,053
Customer refund (10,056) (15,485) (25,329)
Other current liabilities (14,540) (15,767) 11,448
Pension and OPEB contributions (66,000) (400) (54,320)
Changes in other assets
RG&E nuclear plant dispute settlement – (33,655) (125)
Other (48,669) (1,722) (76,167)
Changes in other liabilities
ASGA charges (41,008) (59,443) (45,406)
Other 30,357 (6,407) 37,758
Net Cash Provided by Operating Activities 511,200 378,486 504,732
Investing Activities
Utility plant additions (444,009) (408,231) (331,294)
Other property additions (2,570) (3,817) (2,507)
Other property sold 19 342 25,704
Maturities of current investments available for sale 1,007,850 1,054,665 1,635,005
Purchases of current investments available for sale (1,164,895) (881,740) (1,692,275)
Investments 1,771 11,022 (3,064)
Net Cash Used in Investing Activities (601,834) (227,759) (368,431)
Financing Activities
Issuance of common stock 234,980 343 2,654
Repurchase of common stock (8,339) (6,107) (6,492)
Issuance of first mortgage bonds 139,890 – 70,000
Repayments of first mortgage bonds and preferred
stock of subsidiaries, including net premiums (190,006) (39) (47,260)
Derivative activity – 22,899 –
Long-term note issuances 259,758 652,137 208,893
Long-term note repayments (192,221) (667,263) (120,061)
Notes payable three months or less, net 28,756 (12,873) (85,967)
Notes payable issuances 2,654 1,436 1,251
Notes payable repayments (3,055) (547) (408)
Dividends on common stock (178,090) (167,349) (150,367)
Net Cash Provided by (Used in) Financing Activities 94,327 (177,363) (127,757)
Net Increase (Decrease) in Cash and Cash Equivalents 3,693 (26,636) 8,544
Cash and Cash Equivalents, Beginning of Year 93,373 120,009 111,465
Cash and Cash Equivalents, End of Year $97,066 $93,373 $120,009
17
20. Energy East Corporation
Condensed Consolidated Statements of Changes in Common Stock Equity
Common Stock Accumulated
Outstanding Capital in Other
(Thousands, except $.01 Par Value Excess of Retained Comprehensive Deferred Treasury
(Thousands, except per share amounts) Shares Amount Par Value Earnings Income (Loss) Compensation Stock Total
Balance, January 1, 2005 147,118 $1,472 $1,477,518 $1,201,533 $(43,561) $(5,020) $(683) $2,631,259
Net income 256,833 256,833
Other comprehensive income, net of tax 132,646 132,646
Comprehensive income 389,479
Common stock dividends declared
($1.115 per share) (163,786) (163,786)
Common stock issued –
Investor Services Program 607 6 16,066 16,072
Common stock repurchased (250) (6,492) (6,492)
Common stock issued – restricted stock plan 265 (6,404) (451) 6,855 –
Amortization of deferred compensation
under restricted stock plan 5,471 5,471
Treasury stock transactions, net (39) 1,702 (1,405) 297
Amortization of capital stock issue expense, net 374 374
Balance, December 31, 2005 147,701 1,478 1,489,256 1,294,580 89,085 – (1,725) 2,872,674
Net income 259,832 259,832
Other comprehensive income, net of tax (113,502) (113,502)
Comprehensive income 146,330
Adjustment to initially apply Statement 158 638 638
Common stock dividends declared
($1.17 per share) (171,951) (171,951)
Common stock issued –
Investor Services Program 204 2 4,943 4,945
Common stock repurchased (250) (6,107) (6,107)
Common stock issued – restricted stock plan 274 (6,722) 6,722 –
Amortization of restricted stock plan grants 8,458 8,458
Treasury stock transactions, net (22) (2) (500) (502)
Amortization of capital stock issue expense, net 9,862 9,862
Balance, December 31, 2006 147,907 1,480 1,505,795 1,382,461 (23,779) – (1,610) 2,864,347
Net income 251,298 251,298
Other comprehensive income, net of tax 31,388 31,388
Comprehensive income 282,686
Adjustment to initially apply FIN 48 1,291 1,291
Common stock dividends declared
($1.21 per share) (187,161) (187,161)
Common stock issued – public offering 10,000 100 242,400 242,500
Common stock issued –
Investor Services Program 406 3 10,094 10,097
Common stock repurchased (350) (8,387) (8,387)
Common stock issued – restricted stock plan 344 (8,273) 8,273 –
Amortization of restricted stock plan grants 9,943 9,943
Treasury stock transactions, net (28) 27 (729) (702)
Capital stock issue expense (7,521) (7,521)
Balance, December 31, 2007 158,279 $1,583 $1,752,465 $1,447,889 $7,609 – $(2,453) $3,207,093
18
21. Energy East Corporation
Management’s Annual Report on Internal Control and Required Certifications
Management’s Annual Report on Internal Control Required Certifications
Over Financial Reporting On July 12, 2007, Energy East submitted to the New York Stock Exchange
its Annual Chief Executive Officer Certification under Section 303A of the
Energy East’s management is responsible for establishing and
New York Stock Exchange Corporate Governance Rules.
maintaining adequate internal control over financial reporting.
Internal control over financial reporting is a process designed to Energy East filed with the Securities and Exchange Commission the
provide reasonable assurance regarding the reliability of financial Certifications of its Chief Executive Officer and Chief Financial Officer
reporting and the preparation of financial statements for external as required under Section 302 of the Sarbanes-Oxley Act of 2002.
purposes in accordance with accounting principles generally The certifications were filed as Exhibits 31-1 and 31-2 to Energy East’s
accepted in the United States of America. Under the supervision Form 10-K for the fiscal year ended December 31, 2007, dated
and with the participation of management, including the principal February 29, 2008.
executive officer and principal financial officer, an evaluation was
conducted of the effectiveness of the internal control over financial
reporting based on the framework in Internal Control – Integrated
Framework issued by The Committee of Sponsoring Organizations of
the Treadway Commission. Based on Energy East’s evaluation under
the framework in Internal Control – Integrated Framework,
management concluded that Energy East’s internal control over
financial reporting was effective as of December 31, 2007.
Report of Independent Registered Public Accounting Firm
In our opinion, the information set forth in the accompanying condensed
To the Shareholders and Board of Directors of
consolidated financial statements is fairly stated, in all material respects,
Energy East Corporation and Subsidiaries: in relation to the consolidated financial statements from which it has
We have audited, in accordance with the standards of the Public been derived.
Company Accounting Oversight Board (United States), the consolidated
balance sheets of Energy East Corporation and its subsidiaries as of
December 31, 2007 and 2006, and the related consolidated statements
of income, of cash flows and of changes in common stock equity for each
of the three years in the period ended December 31, 2007 (not presented
herein) appearing in the 2007 Form 10-K of Energy East Corporation; PricewaterhouseCoopers LLP
and in our report dated February 28, 2008, we expressed an unqualified Philadelphia, Pennsylvania
opinion on those consolidated financial statements. As discussed in February 28, 2008
Note 1 to the consolidated financial statements, effective January 1,
2007, the Company adopted Financial Accounting Standards Board
Interpretation No. 48, Accounting for Uncertainty in Income Taxes – an
interpretation of FASB Statement No. 109 and effective December 31,
2006, the Company adopted Statement of Financial Accounting Standards
No. 158, Employers’ Accounting for Defined Benefit Pension and Other
Postretirement Plans – an amendment of FASB Statements No. 87, 88,
106, and 132(R).
19
22. Energy East Corporation
Selected Financial Data
Year Ended December 31 (Thousands, except per share amounts) 2007 2006 2005 2004 2003
Operating Revenues
Utility $4,652,783 $4,720,638 $4,753,105 $4,330,472 $4,220,822
Other 525,325 510,027 545,438 426,220 293,668
Total Operating Revenues 5,178,108 5,230,665 5,298,543 4,756,692 4,514,490
Operating Expenses
Electricity purchased and fuel used in generation
Utility 1,441,000 1,467,068 1,457,746 1,321,081 1,192,397
Other 363,793 353,402 360,621 249,330 145,972
Natural gas purchased
Utility 1,116,092 1,079,980 1,161,059 952,806 862,452
Other 90,418 79,472 107,755 77,508 77,012
Other operating expenses 842,996 796,350 797,015 799,460 813,133
Maintenance 175,618 218,499 197,704 173,191 203,043
Depreciation and amortization 277,490 282,568 277,217 292,457 299,430
Other taxes 255,680 249,834 246,271 252,860 269,238
Gain on sale of generation assets – – – (340,739) –
Deferral of asset sale gain – – – 228,785 –
Total Operating Expenses 4,563,087 4,527,173 4,605,388 4,006,739 3,862,677
Operating Income 615,021 703,492 693,155 749,953 651,813
Other (Income) (38,884) (46,126) (32,904) (35,497) (17,226)
Other Deductions 11,483 24,578 8,858 15,803 28,395
Interest Charges, Net 275,938 308,824 288,897 276,890 284,482
Preferred Stock Dividends of Subsidiaries 1,128 1,129 1,474 3,691 19,009
Income From Continuing Operations
Before Income Taxes 365,356 415,087 426,830 489,066 337,153
Income Taxes 114,058 155,255 169,997 251,445 128,663
Income From Continuing Operations 251,298 259,832 256,833 237,621 208,490
(Loss) Income From Discontinued Operations,
Net of Income Taxes – – – (8,284) 1,956
Net Income 251,298 259,832 256,833 229,337 210,446
Common Stock Dividends 187,161 171,951 163,786 154,261 145,417
Retained Earnings Increase(1) $65,428 $87,881 $93,047 $75,076 $65,029
Average Common Shares Outstanding, basic 154,801 146,962 146,964 146,305 145,535
Average Common Shares Outstanding, diluted 155,805 147,717 147,474 146,713 145,730
Earnings per Share, basic(2) $1.62 $1.77 $1.75 $1.57 $1.45
Earnings per Share, diluted(2) $1.61 $1.76 $1.74 $1.56 $1.44
Dividends Declared Per Share $1.21 $1.17 $1.115 $1.055 $1.00
Book Value per Share of
Common Stock at Year End $20.26 $19.37 $19.45 $17.89 $17.57
Utility Capital Spending $444,009 $408,231 $331,294 $299,263 $289,320
Total Assets $11,878,709 $11,562,401 $11,487,708 $10,796,622 $11,330,441
Long-term Obligations, Capital Leases
and Redeemable Preferred Stock $3,877,029 $3,726,709 $3,667,065 $3,797,685 $4,017,846
(1) The 2007 increase includes $1.3 million for an adjustment to initially apply FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes — an interpretation of FASB Statement No. 109.
(2) Earnings per Share from Continuing Operations, basic was $1.63 for 2004 and $1.43 for 2003. Earnings per Share from Continuing Operations, diluted was $1.62 for 2004 and $1.43 for 2003.
20
23. Energy East Corporation
Energy Distribution Statistics
Year Ended December 31 (Thousands) 2007 2006 2005 2004 2003
Electric Deliveries
(Megawatt-hours)
Residential 12,439 12,142 12,601 11,848 11,676
Commercial 10,036 9,618 9,805 9,480 9,266
Industrial 7,298 7,235 7,334 7,446 7,412
Other 2,300 2,227 2,279 2,245 2,239
Total Retail 32,073 31,222 32,019 31,019 30,593
Wholesale 7,241 9,318 9,466 7,855 5,734
Total Electric Deliveries 39,314 40,540 41,485 38,874 36,327
Electric Revenues
Residential $1,282,199 $1,267,525 $1,284,606 $1,163,887 $1,204,228
Commercial 571,205 556,635 536,779 565,976 667,802
Industrial 259,643 272,163 268,647 284,608 344,352
Other 158,633 157,016 160,073 177,029 191,756
Total Retail 2,271,680 2,253,339 2,250,105 2,191,500 2,408,138
Wholesale 465,804 554,500 568,746 402,122 233,331
Other 143,510 215,198 150,707 187,700 117,226
Total Electric Revenues $2,880,994 $3,023,037 $2,969,558 $2,781,322 $2,758,695
Natural Gas Deliveries
(Dekatherms)
Residential 78,061 70,637 80,049 82,574 85,401
Commercial 25,687 23,904 26,733 26,493 25,938
Industrial 3,591 3,526 3,951 4,062 3,458
Other 13,340 12,891 11,020 11,276 11,301
Transportation of customer-owned natural gas 77,671 77,253 82,924 84,039 86,647
Total Retail 198,350 188,211 204,677 208,444 212,745
Wholesale 1,753 110 883 1,593 5,360
Total Natural Gas Deliveries 200,103 188,321 205,560 210,037 218,105
Natural Gas Revenues
Residential $1,124,468 $1,076,323 $1,150,187 $1,020,544 $944,010
Commercial 343,717 327,344 349,596 287,926 266,409
Industrial 39,824 39,973 42,588 36,147 27,312
Other 143,915 140,979 130,488 100,440 86,162
Transportation of customer-owned natural gas 98,443 91,908 91,376 89,843 99,896
Total Retail 1,750,367 1,676,527 1,764,235 1,534,900 1,423,789
Wholesale 15,058 563 643 182 21,070
Other 6,364 20,511 18,669 14,068 17,268
Total Natural Gas Revenues $1,771,789 $1,697,601 $1,783,547 $1,549,150 $1,462,127
21
24. www.energyeast.com
2,989,000 customers
$5.2 billion revenues
$11.9 billion assets
Connecticut Natural Gas The Southern The Berkshire Gas Maine Natural Gas
Corporation (CNG) Connecticut Gas Company (Berkshire Gas) Corporation (MNG)
Company (SCG)
www.cngcorp.com www.soconngas.com www.mainenaturalgas.com
www.berkshiregas.com
4 Industrial Parkway
115 Cheshire Road
77 Hartland Street, East Hartford, CT 06108
Brunswick, ME 04011
Pittsfield, MA 01201
Natural Gas Natural Gas Natural Gas
Natural Gas
155,000 customers 36,000 customers 1,800 customers
175,000 customers
35,495 delivered (000 Dth) 7,340 delivered (000 Dth) 18,339 delivered (000 Dth)
29,562 delivered (000 Dth)
$406 million revenues $73 million revenues $9 million revenues
$399 million revenues
$949 million assets $225 million assets $26 million assets
$1,043 million assets
Robert M. Allessio, President and CEO Robert M. Allessio, Robert M. Allessio,
James E. Earley, VP, Controller & Treasurer Chairman and CEO President
Janet L. Janczewski, Secretary Karen L. Zink, Darrell R. Quimby,
Tim D. Kelley, VP Energy Services President, Treasurer & COO VP and Clerk
William Reis, VP Administrative Services Cheryl M. Clark,
Clerk
22
25. New York State Electric & Central Maine Power The Energy Network, Inc.
Rochester Gas and Electric
Gas Corporation (NYSEG) Company (CMP)
Corporation (RG&E) (TEN)
www.nyseg.com www.cmpco.com www.nysegsolutions.com
www.rge.com
www.energetix.net
89 East Avenue, Rochester, NY 14649 83 Edison Drive 81 State Street
Augusta, ME 04336 Binghamton, NY 13901
Electricity Electricity
Electricity Electricity
872,000 customers 600,000 customers
360,000 customers 182,000 customers
16,831 delivered (GWh) 10,724 delivered (GWh)
11,759 delivered (GWh) 4,497 delivered (GWh)
$1,558 million revenues $577 million revenues
$750 million revenues $380 million revenues
Natural Gas $1,951 million assets Natural Gas
Natural Gas
256,000 customers 55,000 customers
297,000 customers
58,383 delivered (000 Dth) 7,950 delivered (000 Dth)
50,854 delivered (000 Dth)
$470 million revenues $86 million revenues
Sara J. Burns,
$422 million revenues
President and CEO
$3,999 million assets $99 million assets
$2,577 million assets Kathleen A. Case,
VP Customer Service
Douglas A. Herling,
VP Operations
James P. Laurito, President and CEO Carl A. Taylor,
Stephen G. Robinson,
Jeffrey R. Clark, Secretary President and CEO
VP Technical Services
Laura Conklin, VP Technical Services Mark R. Beaudoin,
Eric N. Stinneford,
Michael H. Conroy, VP Operations VP and COO
VP Treasurer, Controller & Clerk
Michael D. Eastman, VP Gas Assets Teresa Bradford,
David J. Irish, VP Fossil / Hydro Operations VP and Controller
David J. Kimiecik, VP Energy Supply James T. Distefano,
James A. Lahtinen, VP Rates and Regulatory Economics VP Sales and Marketing
Joseph J. Syta, VP Controller & Treasurer
Teresa M. Turner, VP Customer Service
23
26. Energy East Corporation
Directors and Officers
BOARD OF DIRECTORS COMMITTEES (Chairperson listed first)
JAMES H. BRANDI, a director since 2006, is a member of Hill Street Audit: Lynch, Hogan, Jagger, Kaplan, Moynihan
Capital LLC in New York, New York; formerly Managing Director
and Deputy Global Head of the Energy and Power Group of UBS Compensation and Management Succession: Cardis, Brandi,
Securities, LLC. Lynch, Nazemetz
JOHN T. CARDIS, a director since 2005, former partner of Deloitte & Corporate Responsibility: Moynihan, Brandi, Hogan, Howard
Touche USA, LLP, New York, New York; is a director of Edwards
Lifesciences Corporation in Irvine, California and Avery Dennison Nominating and Corporate Governance: Kaplan, Cardis, Howard,
Corporation in Pasadena, California. Jagger, Nazemetz
THOMAS B. HOGAN, JR., a director since 2007, former partner of ENERGY EAST OFFICERS
Deloitte & Touche USA, LLP, New York, New York; is a director and
Chairperson of the Audit Committee of Pictometry Corporation in STEVEN R. ADAMS, Vice President – Regulatory Policy
Rochester, New York.
ANGELA BEDDOE, Vice President – Public Affairs
G. JEAN HOWARD, a director since 2002, is Chief of Staff, Office of
the Mayor, City of Rochester in Rochester, New York. RICHARD R. BENSON, Senior Vice President and Chief
Administrative Officer
DAVID M. JAGGER, a director since 2000, is President and Treasurer
of Jagger Brothers, Inc. in Springvale, Maine. CURTIS I. CALL, Controller
SETH A. KAPLAN, a director since 2005 and who serves as lead director, PAUL K. CONNOLLY, JR., Vice President – General Counsel
is a Coadjutant member of the faculty at Rutgers University School
of Law – Newark in Newark, New Jersey; former partner of Wachtell, ELAINE T. DUBRAVA, Secretary
Lipton, Rosen & Katz, New York, New York.
ROBERT D. KUMP, Senior Vice President and Chief Financial Officer
BEN E. LYNCH, a director since 1987, is President of Winchester
Optical Company in Elmira, New York. F. MICHAEL MCCLAIN, Senior Vice President and Chief Development
and Integration Officer
PETER J. MOYNIHAN, a director since 2000, formerly Senior Vice
President and Chief Investment Officer of UNUM Corporation in PATRICK T. NEVILLE, Vice President – Information Technology
Portland, Maine.
CLIFTON B. OLSON, Vice President – Supply
PATRICIA M. NAZEMETZ, a director since 2007, is Vice President,
Human Resources and Ethics for Xerox Corporation in JESSICA S. RAINES, Vice President – Procurement and Contracts
Stamford, Connecticut.
ROBERT E. RUDE, Senior Vice President and Chief Regulatory Officer
WESLEY W. VON SCHACK, a director since 1996, is Chairman,
President & Chief Executive Officer of the corporation.
24
27. Energy East Corporation
Shareholder Services
INVESTOR RELATIONS
BNY Mellon Shareowner Services (BNY Mellon) is transfer agent,
registrar, recordkeeper, disbursing agent and administrator of the
Members of the financial community may contact Investor Relations
Investor Services Program for all Energy East common stock.
by telephone at 207-688-4386.
BNY Mellon Internet Address: www.melloninvestor.com
TRADING SYMBOL: EAS
BNY Mellon’s Internet Website provides shareholders access to
EAS is the trading symbol for Energy East Corporation common
Investor Service Direct (ISD). Through ISD, shareholders can view
stock listed on the New York Stock Exchange.
their account profiles, stock certificate and book-entry histories,
dividend reinvestment transactions, current stock price quote
ENERGY EAST INTERNET ADDRESS: www.energyeast.com
and historical stock closing prices. Shareholders may request a
replacement dividend check, the issuance of stock certificates or
Information of interest to shareholders, including financial
the sale of shares from their Investor Services Program account.
documents and news releases, is available at our Website.
Shareholders may also utilize a live chat feature with a BNY Mellon
customer service representative during regular business hours
as reflected below.
Shareholders may also contact BNY Mellon by telephone at
1-800-542-7480. BNY Mellon’s automated telephone service is
available 24 hours a day, seven days a week. BNY Mellon’s customer
service representatives are available on regular business days
between 9:00 a.m. and 7:00 p.m. (Eastern Time).
SHAREHOLDERS MAY OBTAIN A FREE COPY OF OUR FORM 10-K,
WHICH IS FILED EACH YEAR WITH THE SECURITIES AND EXCHANGE
COMMISSION, BY CONTACTING INVESTOR RELATIONS.
PAPER
PRINTING
Monadnock Astrolite PC 100 ® is 100% Post-Consumer-Recycled
Monroe Litho is proud to be certified as a Chain-of-Custody supplier
Material. Monadnock uses post-consumer fibre from waste sources
by the Forest Stewardship Council. SCS-COC-00635 and certified
that are carefully selected and controlled creating a paper with
as an EPA Green Power Partner operating on 100% Renewable,
the highest levels of consistency, brightness and cleanliness.
non-polluting Wind Power.
All of Monadnock Paper Mills Graphic Arts and Packaging Papers
are manufactured carbon neutral with 100% renewable electricity.
Environmental Benefits for printing at Monroe Litho using 100%
Wind power – Quantity: 110,000
Environmental Benefits for using Monadnock Astrolite PC100 –
100% Post Consumer Recycled
CO2 emissions saved: 14,538.96 lbs. • Trees planted equivalent: 778.54 • Miles of
automobile travel saved: 9,886.96
Trees preserved for the future: 356.98 • Waterborne waste not created: 1,030.8
lbs. • Wastewater flow saved: 151,634 gallons • Net greenhouse gases prevented:
33,035 lbs. • Energy not consumed: 252,858,000 BTUs
Design: SVP Partners • Wilton, Connecticut • svppartners.com
28. Energy East Corporation • 52 Farm View Drive • New Gloucester, Maine 04260 • www.energyeast.com