| Business Summary | | Bangor
Hydro-Electric
Company
is
a
public
utility
primarily
engaged
in
the
transmission
and
distribution
of
electric
energy,
with
a
service
area
of
approximately
5,275
square
miles
having
a
population
of
approximately
192,000
people.
The
Company
serves
approximately
107,000
customers
in
portions
of
the
counties
of
Penobscot,
Hancock,
Washington,
Waldo,
Piscataquis
and
Aroostook,
Maine.
The
Company
owns
approximately
580
miles
of
transmission
lines
and
approximately
4,500
miles
of
distribution
lines
to
serve
its
customers.
The
Company
also
owns
a
variety
of
customer
and
business
information
systems
used
to
manage
its
business
operations.
Other
properties
consist
of
office,
garage
and
warehouse
facilities
at
various
locations
in
its
service
area. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BGR
is
a
public
utility
engaged
in
the
generation,
purchase,
transmission,
distribution
and
sale
of
electric
energy,
with
a
service
area
of
approximately
5,275
square
miles
having
a
population
of
approximately
192,000
people.
For
the
six
months
ended
6/30/01,
revenues
increased
12%
to
$110.2
million.
Net
income
applicable
to
Common
decreased
17%
to
$4.3
million.
Results
reflect
increased
standard
offer
service
sales
due
to
higher
rates,
offset
by
higher
bad
debt
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Briggs, 57 Chairman,
Pres, CEO | $246K | Frederick Samp, 50 CFO,
VP-Fin. and Law | 138K | Carroll Lee, 51 COO,
Sr. VP, Director | 189K | Paul LeBlanc, 53 VP
of HR and Information Services | 127K | 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
|
|