Energy East Corporation achieved several goals in 2007 that positioned it for long-term success and sustainability. It exceeded earnings targets, increased its dividend for the 10th straight year, and maintained high customer satisfaction ratings. Energy East also made progress on key infrastructure initiatives and acquired more fuel-efficient vehicles. Most significantly, Energy East agreed to be acquired by Iberdrola, one of the world's largest renewable energy producers, a deal that will provide expertise and funding to achieve Energy East's sustainability goals over the coming decades.
Renewable and low carbon energy capacity study for the East of Englandcrifcambs
Richard Summers from The Landscape Partnership and Andrew Turton from AECOM shared their findings from work commissioned by the Department for Energy and Climate Change (DECC) to identify the potential for renewable energy in the East of England. This study highlighted the renewable energy resources for Cambridgeshire.
Presented to Councillors on 28 September 2011.
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.
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
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.
Renewable and low carbon energy capacity study for the East of Englandcrifcambs
Richard Summers from The Landscape Partnership and Andrew Turton from AECOM shared their findings from work commissioned by the Department for Energy and Climate Change (DECC) to identify the potential for renewable energy in the East of England. This study highlighted the renewable energy resources for Cambridgeshire.
Presented to Councillors on 28 September 2011.
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.
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
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.
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.
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.
Slide presentation from the AIA National conference May 2010 on the environmental impacts of peak energy use and mitigation strategies in building energy use.
Energy and the Sustainable Development AgendaGlobal Utmaning
A presentation held by mr Måns Nilsson, head of research at Stockholm Environment Institute at the Post Rio+20 seminar at Rosenbad on September 3, 2012.
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
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.
Presentation introducing the Community Pathway event on the 18th October and providing an introduction to the CRIF project, as presented by Sheryl French.
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.
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.
Slide presentation from the AIA National conference May 2010 on the environmental impacts of peak energy use and mitigation strategies in building energy use.
Energy and the Sustainable Development AgendaGlobal Utmaning
A presentation held by mr Måns Nilsson, head of research at Stockholm Environment Institute at the Post Rio+20 seminar at Rosenbad on September 3, 2012.
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
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.
Presentation introducing the Community Pathway event on the 18th October and providing an introduction to the CRIF project, as presented by Sheryl French.
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.
Construction IT Research - Climate Change AgendaŽiga Turk
Addressing climate change is one of the key technological challenges of the present and
the near future. With about a half of the energy being used in the built environment and
with a huge proportion being used by the transportation sector, the construction
industry will be a very important player. The paper presents the general context of the
climate change discussion. It identifies construction industry as a double winner in this
process, potentially benefiting both from the changes in nature as well as from
governments' measures. There are many things construction industry can accomplish
without much additional research, even more, however, if it moves beyond the current
state of the art, particularly in building automation and the use of ICT throughout the
building's life cycle. The paper concludes by identifying the emerging research and
development agenda in the field constriction informatics.
published in: in B.H.V. Topping, L.F. Costa Neves, R.C. Barros, (Editors), "Trends in Civil and Structural
Engineering Computing", Saxe-Coburg Publications, Computational Science, Engineering & Technology
Series, ISSN 1759-3158; Stirlingshire, UK, Chapter 19, pp 413-423, 2009. doi:10.4203/csets.22.19
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.
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.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
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.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
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