| Business Summary | | Orion
Power
Holdings,
Inc.
is
an
electric
power
generating
company
that
delivers
a
broad
range
of
wholesale
energy
and
related
products
and
services
to
independent
system
operators,
utilities,
municipalities,
cooperatives
and
retail
aggregators.
Similar
to
other
wholesale
power
generators,
the
Company
typically
sells
three
types
of
products:
energy,
capacity
and
ancillary
services.
The
Company
acquires,
develops
and
modernizes
non-nuclear
electric
generating
facilities
located
in
regions
across
the
United
States
and
Canada.
At
year-end
2000,
the
Company
owned
80
plants
with
an
aggregate
capacity
of
5,396
megawatts.
The
Company
also
had
three
projects
under
construction
with
a
total
capacity
of
1,208
megawatts,
with
announced
plans
to
develop
additional
projects
with
a
total
capacity
of
4,385
megawatts.
If
the
Company
completes
all
of
its
announced
projects,
it
will
have
an
aggregate
capacity
of
almost
11,000
megawatts
in
operation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ORN
is
an
electric
power
generating
company
operating
in
the
U.
S.
that
owns
and
operates
power
plants
and
sells
electricity
and
a
broad
range
of
electricity-related
products
and
services
to
utilities,
municipalities,
retail
aggregators
and
cooperatives.
For
the
six
months
ended
6/30/01,
sales
rose
70%
to
$579.8
million.
Net
income
totaled
$36.5
million,
up
from
$13.8
million.
Results
reflect
acquisitions
in
Cleveland,
Pittsburg,
and
Youngstown
and
$1.7
million
gain
on
derivative
instruments. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Frederic Salerno, 57 Chairman | -- | Jack Fusco, 38 Pres,
CEO, Director | $793K | Scott Helm, 35 CFO,
Exec. VP | 692K | W. Thaddeus Miller, 50 Exec.
VP and CLO | 648K | Michael Gluckman, Ph.D., 63 Sr.
VP, Corp. Devel. | -- | Dollar amounts are as of 31-Dec-2000 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
|
|