| Business Summary | | Environmental
Power
Corporation
(EPC)
is
primarily
engaged
in
leasing
an
electric
generating
facility
fueled
by
waste
coal.
The
Company
owns
a
22-year
leasehold
interest
in
an
approximately
83-megawatt
waste
coal-fired
electric
generating
facility,
known
as
the
Scrubgrass
Project,
located
in
Pennsylvania.
In
recent
years,
the
Company
has
also
sought
to
develop
and
own
electric
generating
facilities
fueled
by
waste
coal.
During
its
project
development
activities,
the
Company,
either
acting
alone
or
in
conjunction
with
others,
has
selected
and
arranged
for
the
acquisition
of
sites,
obtained
control
over
a
portion
of
the
waste
coal
fuel
sources,
negotiated
contracts
for
the
design
and
construction
of
the
facilities
and
the
sale
of
output
to
the
utilities
purchasing
the
power,
arranged
for
financing,
and
negotiated
contracts
for
the
operation
and
maintenance
of
the
projects. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Environmental
Power
Corp.
owns
a
leasehold
interest
in
an
approximately
83
Mw
waste
coal-fired
electric
generating
facility
in
PA.
POWR
sells
power
under
long
term
contracts
to
specified
Utility
Companies.
For
the
six
months
ended
6/01,
revenues
fell
9%
to
$25.6
million.
Net
income
applicable
to
Common
fell
32%
to
$768
thousand.
Results
reflect
lower
power
generation
revenues
due
to
the
absence
of
the
PENELEC
settlement
agreement,
and
higher
fuel
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Joseph Cresci, 57 Chairman,
CEO | $150K | Donald Livingston, 57 Pres,
COO | 150K | William Linehan, 34 CFO,
Treasurer, Sec. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|