Boston Edison views Department of Public Utilities decision as favorable.BOSTON--(BUSINESS WIRE)--Aug. 16, 1995--The Massachusetts Department of Public Utilities today issued a decision concerning the restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of the electric utility industry. Boston Edison Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Thomas J. May says the utility's preliminary assessment of the order is favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. . May says, "It appears to address the concerns of all stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. and is consistent with the Boston Edison "E Plan" which is our company's vision of a deregulated electric industry." The order appears to be a logical continuation of the Commonwealth's methodical me·thod·i·cal also me·thod·ic adj. 1. Arranged or proceeding in regular, systematic order. 2. Characterized by ordered and systematic habits or behavior. See Synonyms at orderly. approach to creating a competitive utility industry focused on lowering consumers' costs, increasing consumer choice and maintaining a reliable electric system which best serves the public interest. May says the order contains important milestones regarding utility recovery of stranded costs which are investments made under the existing regulatory structure. He notes the department's order reiterates its important policy finding that a reasonable opportunity for utility recovery of stranded costs is in the public interest. The department's decision also clearly establishes its authority under Massachusetts General Law to implement its policy regarding stranded costs. The order is consistent with Boston Edison's "E Plan" which was filed with the DPU DPU Data Processing Unit DPU DePauw University (Indiana, USA) DPU Democratic Pacific Union (Taiwan) DPU DePaul University DPU Defects Per Unit DPU Digital Processing Unit in March of this year and the company's recently announced reorganization. May says the department's order establishes a schedule for filing additional proposals which Edison is already preparing. He says the filing and related negotiations are an excellent opportunity to further develop our "E Plan" and expand our services to our customers. CONTACT: Boston Edison Mike Monahan, 617/424-2460 or 617/541-7888 (evenings and weekends) |
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