| | Business Summary | | RGS
Energy
Group,
Inc.,
a
holding
company
for
Rochester
Gas
and
Electric
Corporation
(RG&E),
is
engaged
principally
in
the
business
of
generating,
purchasing,
transmitting
and
distributing
electricity,
as
well
as
purchasing,
transporting
and
distributing
natural
gas
through
RG&E.
RG&E
produces
and
distributes
electricity
and
distributes
gas
in
parts
of
nine
counties
including
and
surrounding
the
City
of
Rochester.
In
1998,
the
Company
formed
RGS
Development
to
pursue
unregulated
business
opportunities
in
the
energy
marketplace.
Through
December
31,
2000,
RGS
Development's
operations
have
not
been
material
to
RGS's
results
of
operations
or
its
financial
condition. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | RGS
Energy
Group,
a
holding
company,
supplies
electric
and
gas
service
to
approximately
one
million
customers
in
the
nine-county
area
around
the
city
of
Rochester.
For
the
six
months
ended
6/01,
revenues
increased
23%
to
$856.2
million.
Net
income
applicable
to
Common
decreased
3%
to
$54.1
million.
Revenues
reflect
higher
heating
oil
and
propane
gas
sales.
Earnings
were
offset
by
higher
purchased
electricity
costs
and
increased
interest
expenses. | | More
from
Market Guide: Significant
Developments |
| | |
| Position | | Thomas Richards, 56 | Chairman,
Pres, CEO | | J. Burt Stokes, 56 | Sr.
VP - Corp. Services and CFO | | Michael Tomaino, 62 | Sr.
VP and Gen. Counsel | | Michael Bovalino, 44 | Sr.
VP | | Paul Wilkens, 52 | Sr.
VP |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/r/rgs.gif)