TRANSLink Utilities Suspend Development Activities.Energy Editors/Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Nov. 21, 2003 TRANSLink Management Development Co. today announced that upon the direction of the participant utilities, formation of the proposed TRANSLink Transmission Co. has been suspended. "TRANSLink utility participants asked the board and management last week to put all development and operational activities on hold due to continued regulatory and market uncertainty," said Audrey Zibelman, president 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. . "Since the transmission operating agreements with the utility owners were the foundation of our business proposal, the board decided to proceed with dissolution of the interim management development company. "While I appreciate the needs of the TRANSLink participants to re-evaluate their business interests, I have decided to resign my position in order to pursue other industry opportunities," Zibelman said. In a joint statement, TRANSLink utility participants thanked the board and management for their efforts and said, "We continue to believe that the development of independent transmission companies will be an important element of the future electric industry. "We applaud the efforts of Ms. Zibelman and the TRANSLink management team to further the debate over the importance of a regional approach to electric transmission development and operations. While our organizations are pausing in the development of TRANSLink Transmission Co. at this time, we are confident that our formation efforts will positively impact how the region proceeds to address our transmission challenges." The TRANSLink board also voiced its appreciation for management. Said Board Co-Chair Julian Brix: "The board is convinced that the TRANSLink independent transmission company model has the opportunity to bring considerable value to electric customers. While we are certainly disappointed in the outcome, we appreciate the fact that the participants continue to want to have the opportunity to form an ITC ITC (Brit) n abbr (= Independent Television Commission) → Fernseh-Aufsichtsgremium ITC n abbr (BRIT) (= Independent Television Commission) → once there is greater regulatory and industry clarity." Plans had called for TRANSLink to operate and own electric transmission systems in portions of Colorado, Illinois, Iowa, Kansas, Michigan, Minnesota, Nebraska, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). , Oklahoma, South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). , Texas and Wisconsin. TRANSLink participants are Interstate Power and Light Co. of Cedar Rapids Cedar Rapids, city (1990 pop. 108,751), seat of Linn co., E central Iowa, on the Cedar River; inc. as a city 1856. The second largest city in Iowa, it is named for the surging rapids in the river. , Iowa, a subsidiary of Alliant Energy, Madison, Wis.; Central Iowa Power Cooperative, Cedar Rapids, Iowa; Corn Belt Power Cooperative, Humboldt, Iowa; Dairyland Power Cooperative, La Crosse, Wis.; Great River Energy, Elk River, Minn.; MidAmerican Energy Co., Des Moines, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, ; Muscatine Power and Water, Muscatine, Iowa; Nebraska Public Power District “NPPD” redirects here. For other uses, see NPPD (disambiguation). Nebraska Public Power District (NPPD) is the largest electric utility in the state of Nebraska, serving all or parts of 91 (of 93) counties. , Columbus, Neb.; Omaha Public Power District Omaha Public Power District, or OPPD, is a public electric utility in the State of Nebraska. It is one of the largest publicly owned electric utilities in the United States, serving more than 310,000 customers in 13 southeast Nebraska counties. , Omaha, Neb.; Rochester Public Utilities, Rochester, Minn.; Southern Minnesota Municipal Power Agency, Rochester, Minn.; Xcel Energy, Minneapolis; and Midwest Municipal Transmission Group, an association of municipal utilities. |
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