| Business Summary | | Birmingham
Utilities
Inc
is
a
specially
chartered
Connecticut
public
service
company
in
the
business
of
collecting
and
distributing
water
for
domestic,
commercial
and
industrial
uses,
as
well
as
fire
protection
in
Ansonia
and
Derby,
Connecticut,
and
in
small
parts
of
the
contiguous
Town
of
Seymour.
Under
its
charter,
the
Company
enjoys
a
monopoly
franchise
in
the
distribution
of
water
in
the
area
that
it
serves.
During
1999,
approximately
1.25
billion
gallons
of
water
from
all
sources
were
delivered
to
the
Company's
customers.
The
Company
has
approximately
8,990
customers,
of
whom
94%
are
residential
and
commercial.
In
conjunction
with
its
rights
to
sell
water,
the
Company
has
the
power
of
eminent
domain
and
the
right
to
erect
and
maintain
certain
facilities
on
and
in
public
highway
grounds,
all
subject
to
such
consents
and
approvals
of
public
bodies
and
others,
as
may
be
required
by
law. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BIW
is
a
public
service
corporation
that
collects
and
distributes
water
for
domestic,
commercial
and
industrial
uses
and
fire
protection
in
Ansonia
and
Derby,
CT
and
the
town
of
Seymour.
For
the
three
months
ended
3/31/01,
revenues
increased
3%
to
$1.1
million.
Net
income
decreased
5%
to
$81
thousand.
Revenues
reflect
an
increase
in
water
consumption
from
all
classes
of
customers.
Net
income
was
offset
by
an
increased
interest
and
amortization
of
debt
discount
expense. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
3,119. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Betsy Henley-Cohn, 48 CEO
and Chairman | $61K | -- | John Tomac, 47 Pres,
Treasurer, Director | 110K | $6.1K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|