| | Business Summary | | Conectiv's
primary
businesses
are
the
supply
and
delivery
of
electricity
and
gas
in
markets
subject
to
price
regulation,
and
the
supply
and
trading
of
electricity
and
gas
in
markets
not
subject
to
price
regulation.
These
businesses
are
classified
into
four
segments,
namely
Power
Delivery,
Energy,
Telecommunications
and
HVAC.
The
Company
also
holds
a
limited
partner
interest
in
EnerTech
Capital
Partners,
L.P.
and
EnerTech
Capital
Partners
II,
L.P.,
which
are
venture
capital
funds
that
invest
in
energy-related
technology
and
Internet
service
companies.
On
February
9,
2001,
Conectiv
and
Potomac
Electric
Power
Company
(Pepco)
approved
an
Agreement
and
Plan
of
Merger
(Conectiv/Pepco
Merger
Agreement)
under
which
Pepco
will
acquire
Conectiv
for
a
combination
of
cash
and
stock.
Upon
completion
of
the
transaction,
Conectiv
and
Pepco
will
become
subsidiaries
of
a
new
holding
company,
called
HoldCo. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Conectiv,
a
holding
company
for
Delmarva
Power
and
Light
Company
and
Atlantic
Energy
Inc.,
provides
regulated
electric
and
gas
utility
services
in
DE,
MD
and
VA.
CIV
is
also
engaged
in
other
non-regulated
activities.
For
the
six
months
ended
6/30/01,
total
revenues
rose
51%
to
$3.29
billion.
Net
income
from
continuing
operations
applicable
to
Common
totaled
$304.6
million,
up
from
$67.7
million.
Results
reflect
higher
natural
gas
prices,
gains
on
plant
sales
and
the
absence
of
charges. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Howard Cosgrove, 56
Chairman,
CEO | $806K | Thomas Shaw, 52
Pres,
COO | 625K | Barry Elson, 58
Exec.
VP | 590K | John Van Roden, 50
Sr.
VP and CFO | 258K | Barbara Graham, 51
Sr.
VP | 320K | | 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/c/civ.gif)