| Business Summary | | Maine
Public
Service
Company
is
engaged
in
the
transmission
and
distribution
of
electric
energy
to
retail
in
all
of
Aroostook
County,
and
a
small
portion
of
Penobscot
County,
in
northern
Maine.
Geographically,
the
service
territory
is
approximately
120
miles
long
and
30
miles
wide,
with
a
population
of
approximately
77,000.
Maine
and
New
Brunswick
Electrical
Power
Company,
Limited
is
the
Company's
wholly
owned
Canadian
subsidiary.
Energy
Atlantic,
LLC
(EA)
is
the
Company's
unregulated
marketing
subsidiary. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Maine
Public
Service
Company
produces,
transmits
and
distributes
electric
energy
to
retail
and
wholesale
customers
in
northern
Maine.
For
the
three
months
ended
3/31/01,
revenues
increased
23%
to
$22.1
million.
Net
income
increased
61%
to
$3
million.
Revenues
reflect
the
inclusion
of
EA-standard
offer
service
margin
revenues.
Net
income
also
reflects
decreased
energy
supply
expenses
as
a
percentage
of
revenues
and
a
decreased
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| G. Melvin Hovey, 71 Chairman | -- | Paul Cariani, 60 Pres
and CEO | $170K | Larry LaPlante, 48 VP,
Treasurer, CFO | 107K | Stephen Johnson, 52 VP,
Gen. Counsel, Sec. and Clerk | 123K | Michael Thibodeau, 44 VP
of HR | -- | 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
|
|